LOS ANGELES--(BUSINESS WIRE)--The Alexander Firm P.C., A Professional Law Corporation, announces that investors of The Western Union Company (“Western Union” or the “Company”) (NYSE:WU) have until February 10, 2014, to move the Court to serve as Lead Plaintiff in the securities class action lawsuit filed in the United States District Court, District of Colorado, on behalf of a class (the “Class”) consisting of all persons or entities who purchased or otherwise acquired Western Union securities between February 7, 2012 and October 30, 2012, inclusive (the “Class Period”).
Western Union is a financial services company that provides money movement and payment services worldwide. The Complaint alleges that during the Class Period, defendants violated federal securities laws by misrepresenting, or failing to disclose, that: (1) Western Union was experiencing difficulties complying with its increased compliance duties required by its Southwest Border Agreement with the state of Arizona, which was to crack down on illegal money laundering practices between the states along the U.S.-Mexico border; (2) the Company was spending significantly more than forecast on its Southwest Border Agreement compliance and monitoring program; (3) the Company had downplayed the impact that changes in its compliance and regulatory environment were having on its operations, including its operations in Mexico and Latin America; and (4) Western Union was under competitive pricing pressure to charge a premium for its core money transfer product.
If you are a member of the Class described above, you have until February 10, 2014, to move the Court for Lead Plaintiff status. If you purchased or acquired shares during, or prior to, the Class Period and wish to learn more concerning your rights or interests with respect to these matters, please contact Vahn Alexander, Esq., The Alexander Firm P.C., A Professional Law Corporation, 1875 Century Park East, Suite 700, Los Angeles, California 90067, by telephone at 310-407-5335, or by email to firstname.lastname@example.org, or visit our website at www.alexanderfirmpc.com. To be a member of the Class you need not take any action at this time or may retain counsel of your choice. This press release may be considered Attorney Advertising in some jurisdictions.