NEW ORLEANS, Dec. 11, 2013 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 10, 2014 to file lead plaintiff applications in a securities class action lawsuit against The Western Union Company (NYSE:WU), if they purchased the Company's during the period between February 7, 2012 and October 30, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Colorado.
What You May Do
If you purchased shares of Western Union and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 10, 2014.
About the Lawsuit
Western Union and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
These false statements and omissions included, in part, that Western Union: (i) was experiencing difficulties complying with its increased compliance duties required by its Southwest Border Agreement with Arizona, which was to crack down on illegal money laundering along the U.S.-Mexican border; (ii) was spending significantly more than forecast on its efforts to satisfy the Southwest Border Agreement; (iii) had downplayed the impact that changes in its compliance and regulatory environment were having on the Company's operations; and (iv) was under competitive pricing pressure to charge a premium for its core money transfer product.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.