LOS ANGELES, Feb. 4, 2014 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP reminds investors that all purchasers of the common stock of Western Union Company ("Western Union" or the "Company") (NYSE:WU) between February 7, 2012 and October 30, 2012, inclusive (the "Class Period"), have until February 10, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
The Complaint filed in the United States District Court for the District of Colorado alleges that defendants misrepresented or failed to disclose that:
- The Company was experiencing difficulties complying with its increased compliance duties required by its Southwest Border Agreement with the state of Arizona, and was spending significantly more than forecast on compliance and monitoring;
- The Company had downplayed the impact that changes in its compliance and regulatory environment were having on its operations; and
- Western Union was under competitive pricing pressure to charge a premium for its core money transfer product.
If you purchased Western Union common stock during the Class Period, you may move the Court no later than February 10, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. 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 wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
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CONTACT: Glancy Binkow & Goldberg LLP, Los Angeles, CA Michael Goldberg (888) 773-9224 Glancy Binkow & Goldberg LLP, New York, NY Gregory Linkh (212) 682-5340 email@example.com www.glancylaw.com
Source:Glancy Binkow & Goldberg LLP