NEW YORK, Jan. 20, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Western Union Company ("Western Union" or the "Company") (NYSE: WU). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wu.
The investigation concerns whether Western Union and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On January 19, 2017, the U.S. Department of Justice and the Federal Trade Commission publicized that Western Union admitted to "aiding and abetting wire fraud" by allowing scammers to process transactions even when Western Union realized its agents we disguising transactions to avoid detection and therefore settled to pay $586 million. Following this news, Western Union stock dropped 3.30% to close at $21.13 per share on January 19, 2017.
If you are aware of any facts relating to this investigation, or purchased Western Union shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/wu. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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