LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a nationwide shareholder rights litigation agency, broadcasts that it’s investigating claims on behalf of buyers of MoneyGram Worldwide, Inc. (“MoneyGram” or “the Firm”) (NASDAQ: MGI) for violations of the securities legal guidelines.
The investigation focuses on whether or not the Firm issued false and/or deceptive statements and/or did not disclose data pertinent to buyers. MoneyGram is the topic of an article revealed by CoinDesk on February 22, 2021, titled: “MoneyGram Places Relationship With Ripple’s XRP on Maintain.” In line with the article, “The cash switch firm stated Monday it ‘shouldn’t be planning for any profit from Ripple market growth charges within the first quarter’ of 2021, a break from final 12 months’s Q1 when MoneyGram banked $12.1 million in such charges.” The article continues, “Ripple has been paying MoneyGram to make use of the XRP token in worldwide settlement since 2019 and first participating in a pilot settlement with the service in 2018. Since then, MoneyGram has netted $61.5 million in ‘market growth charges’ from Ripple.” Primarily based on this information, shares of MoneyGram fell by 33% over the following two buying and selling days.
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We additionally encourage you to contact Brian Schall of the Schall Legislation Agency, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to debate your rights freed from cost. You may as well attain us by the agency’s web site at www.schallfirm.com, or by electronic mail at firstname.lastname@example.org.
The Schall Legislation Agency represents buyers around the globe and makes a speciality of securities class motion lawsuits and shareholder rights litigation.
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