| Company: | The Western Union Company |
| Ticker Symbol: | WU |
| Class Period: | Feb-7-12 to Oct-30-12 |
| Date Filed: | Oct-11-12 |
| Lead Plaintiff Deadline: | Dec-10-12 |
| Court: | District of Colorado |
| Allegations: | |
The complaint charges Western Union and certain of its executives with violations of federal securities laws. The complaint alleges that during the class period Western Union and certain of its executives issued a series of materially false and misleading statements during the Class Period, specifically the complaint alleges that the Company: (a) was experiencing difficulties complying with its increased compliance duties required by its Southwest Border Agreement with the state of Arizona, which was to crack down on illegal money laundering practices between the states along the U.S. and Mexican border; (b) was spending significantly more than forecast on its efforts to satisfy the Southwest Border Agreement compliance and monitoring program; (c) had downplayed the impact that changes in its compliance and regulatory environment were having on the Company's operations during the Class Period, including its operations in Mexico and Latin America; and (d) was under competitive pricing pressure to charge a premium for its core money transfer product.
Plaintiff seeks to recover damages on behalf of all Western Union shareholders who purchased common stock during the Class Period described above. No Class has yet been certified in the above action.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
