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If you purchased shares of Moneygram International Inc (NASDAQ:MGI), you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
July 14, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Moneygram International Inc (NASDAQ:MGI) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Moneygram.
The investigation by a law firm concerns whether certain Moneygram officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Moneygram International Inc reported that its annual Total Revenue declined from over $1.34 billion in 2007 to over $1.16 billion in 2010 and that its Net Loss of over $1.07 billion turned into a Net Income of $43.80 million in 2010. Shares of Moneygram International Inc (NASDAQ:MGI) grew from $11.85 per share in late 2012 to $23.09 per share in July 2013.
On April 17, 2014 during an analyst conference call, MGI disclosed the decision by Wal-Mart to introduce competing products across the U.S. Shares of Moneygram International Inc (NASDAQ:MGI) declined from $17.98 per share in April 16, 2014, to $12.59 per share on April 21, 2014.
