LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a nationwide shareholder rights litigation agency, broadcasts that it’s investigating claims on behalf of traders 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 didn’t disclose info pertinent to traders. 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 accordance with the article, “The cash switch firm stated Monday it ‘is just not planning for any profit from Ripple market growth charges within the first quarter’ of 2021, a break from final yr’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 partaking in a pilot settlement with the service in 2018. Since then, MoneyGram has netted $61.5 million in ‘market growth charges’ from Ripple.” Based mostly 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 Regulation Agency, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to debate your rights freed from cost. You can even attain us by the agency’s web site at www.schallfirm.com, or by electronic mail at firstname.lastname@example.org.
The Schall Regulation Agency represents traders around the globe and makes a speciality of securities class motion lawsuits and shareholder rights litigation.
This press launch could also be thought of Lawyer Promoting in some jurisdictions below the relevant regulation and guidelines of ethics.