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TMCNet:  Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Western Union Company

[December 20, 2013]

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Western Union Company

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

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of a class (the "Class") comprising all purchasers of the common stock of Western Union (News - Alert) Company ("Western Union" or the "Company") (NYSE:WU) between February 7, 2012 and October 30, 2012, inclusive (the "Class Period"). 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 Complaint alleges that during the Class Period the defendants misrepresented or failed to disclose that: (1) Western Union was experiencing difficulties complying with its increased compliance duties required by its Southwest Border Agreement with the stte of Arizona, which was to crack down on illegal money laundering practices between the 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 are a member of the Class described above, you may move the Court no later than February 10, 2014, to serve as lead plaintiff. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased shares prior to February 7, 2012, and have any questions concerning this Notice 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 http://www.howardsmithlaw.com.


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