January 18, 2017 (Shareholders Foundation) - An investigation on behalf of investors of The Western Union Company (NYSE:WU) shares over potential securities laws violations by The Western Union Company and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of The Western Union Company (NYSE:WU) concerning whether a series of statements by The Western Union Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

The Western Union Company reported that its annual Total Revenue declined from over $5.6 billion in 2014 to over $5.48 billion in 2015 and that its Net Income declined from $852.40 million in 2014 to $837.80 million in 2015.

Shares of The Western Union Company (NYSE:WU) grew from $16.64 per share in January 2016 to as high as $22.70 per share on January 9, 2017.

On January 19, 2017, the U.S. Department of Justice and the Federal Trade Commission announced that Western Union agreed to pay $586 million and admitted to aiding and abetting wire fraud by allowing scammers to process transactions even when Western Union realized its agents were disguising transactions to avoid detection.

Shares of The Western Union Company (NYSE:WU) declined to $20.44 per share on January 19, 2017,

On January 20, 2017, NYSE:WU shares closed at $20.98 per share.