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Class Action Cases

A class action has been filed on behalf of MGI Investors. Click "Join this Class Action" above.

Attorneys

MoneyGram International, Inc.

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Zhang Investor Law announces  a class action lawsuit on behalf of shareholders who bought shares of MoneyGram International, Inc. from June 17, 2019 through February 22, 2021 (the “Class Period”). The lawsuit seeks to recover damages for MoneyGram International, Inc. investors under the federal securities laws.

If you bought MoneyGram International, Inc. securities between June 17, 2019 through February 22, 2021, and would like to join the action, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against MoneyGram International, Inc. – MGI

New York, N.Y., March 4, 2021. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of MoneyGram International, Inc. (NASDAQ: MGI) between June 17, 2019 and February 22, 2021, inclusive (the “Class Period”).

To join the MGI class action, go to http://zhanginvestorlaw.com/cases/moneygram-international-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.

According to the lawsuit,  throughout the Class Period (1) XRP, the cryptocurrency that MoneyGram was utilizing as part of its Ripple partnership, was viewed as an unregistered and therefore unlawful security by the SEC; (2) in the event that the SEC decided to enforce the securities laws against Ripple, MoneyGram would be likely to lose the lucrative stream of market development fees that was critical to its financial results throughout the Class Period; and (3) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 30, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/moneygram-international-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.