MILWAUKEE, May 10, 2013 (GLOBE NEWSWIRE) -- We are investigating possible securities fraud claims against The Western Union Company resulting from inaccurate statements Western Union made regarding its financial performance, business operations, and future prospects for the period April 24, 2012 to October 26, 2012.
Click here to learn more about the investigation: http://www.ademilaw.com/case/western-union-company or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Our investigation focuses on the extent to which Western Union issued false and misleading statements regarding its operations, business trends and future prospects. Specifically, Western Union failed to disclose that: (i) its operations in Latin America and Mexico and specifically its Vigo and Orlandi Valuta brands were plagued with compliance-related issues and were not meeting Western Union's compliance requirements; (ii) Western Union was experiencing increasing pricing competition in key markets and losing market share in these markets; (iii) Western Union lacked an integrated reporting system and appropriate personnel necessary to assess which of its business segments and channels were experiencing compliance-related failures and competitive pricing threats; and (iv) based on the foregoing, Western Union lacked a reasonable basis for its positive statements about its financial performance, business operations and future prospect.
On October 30, 2012, Western Union finally disclosed its operational problems when it reduced its financial forecast, and as a result the price of Western Union common stock plummeted to close at a three year-low of $12.73 per share on extremely heavy trading volume.
If you wish to obtain additional information or have information about Western Union, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, http://www.ademilaw.com/case/western-union-company.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP