NEW YORK, Jan. 26, 2017 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of The Western Union Company (NYSE: WU) resulting from allegations that Western Union may have issued materially misleading business information to the investing public.
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 the company realized its agents were disguising transactions to avoid detection. On this news, Western Union stock fell 3.30% to close at $21.13.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Western Union investors. If you purchased shares of Western Union on or before January 19, 2017 please visit the firm's website at http://www.rosenlegal.com/cases-1032.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, P.A.