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TMCNet:  Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Western Union Company

[December 18, 2013]

Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Western Union Company

BENSALEM, Pa. --(Business Wire)--

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Western Union (News - Alert) Company ("Western Union" or the "Company") (NYSE:WU) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Western Union between February 7, 2012 and October 30, 2012, regarding the Company's financial performance and prospects. Please contact Law Offices of Howard G. Smith to discuss this matter or other potential claims if you purchased Western Union stock prior to February 7, 2012.

Western Union provides money movement and payment services worldwide. The investigation is related to allegations that the Company misrepresented or failed to disclose that: (1) Western Union was experiencing difficulties complyingwith its increased duties to enforce its Southwest Border Agreement with the state of Arizona, and crack down on illegal money laundering between states along the U.S.-Mexico border; (2) the Company was spending significantly more than forecast on its Southwest Border Agreement compliance and monitoring program; (3) the Company had downplayed the impact that changes in its compliance and regulatory environment were having on its operations, including its operations in Mexico and Latin America; and (4) Western Union was under competitive pricing pressure to charge a premium for its core money transfer product.


If you purchased Western Union shares, if you have information or would like to learn more about these claims, or if you purchased shares before February 7, 2012, and still hold those shares and have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.


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