Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against MoneyGram International, Inc. (NYSE: MGI)
OKLAHOMA CITY, OK--(Marketwire - April 16, 2008) - On March 28, 2008, a class action lawsuit
was filed in the United States District Court for the District of Minnesota
against MoneyGram International, Inc. (NYSE: MGI). The complaint alleges
violations of federal securities laws, Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5, including allegations of
issuing a series of material misrepresentations to the market which had the
effect of artificially inflating the market price. The class period is
from January 24, 2007 through January 14, 2008.
Plaintiff seeks to recover damages on behalf of the Class. If you are a
member of the Class as described above, you may move the Court no later
than Tuesday, May 27, 2008, to serve as a lead plaintiff for the Class.
However, in order to do so, you must meet certain legal requirements
pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this or any other
lawsuit, or have any questions or concerns regarding this notice, or
preservation of your rights, please contact: