Securities Class Action Lawsuit Filled Against Money Gram International Securities Class Action Lawsuit Filed Against MoneyGram International
A securities class action lawsuit is filled against MoneyGram International, in the United States District Court for the District of Minnesota, for alleged violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The other charges include issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period, covered by the settlement, is from January 24, 2007 through January 14, 2008.
The effected consumers are advised to go to the court before May28, 2008 to serve as leading plaintiff in the case. However, there are certain legal procedure to be followed for that. The consumers who wish to discuss this action, participate in this or any other lawsuit, or have any questions or concerns regarding this notice, or preservation of their rights, are advised to contact the following address.
K. Lynn Nunn
FEDERMAN & SHERWOOD
10205 North Pennsylvania Avenue
Oklahoma City, OK 73120
Source: CNNMoney.com
Filed under Class Action, General Law
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