{"id":6116,"date":"2017-02-23T19:51:26","date_gmt":"2017-02-24T01:51:26","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1449"},"modified":"2022-05-19T09:28:55","modified_gmt":"2022-05-19T14:28:55","slug":"following-586m-settlement-western-union-now-defendant-class-action-securities-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/","title":{"rendered":"Following $586M Settlement, Western Union is Now a Defendant in Class Action Securities Case"},"content":{"rendered":"<p>A <a href=\"https:\/\/www.securities-fraud-attorneys.com\">class action securities case<\/a> has been brought against Western Union Company (UW) by purchasers of the company\u2019s publicly traded securities. The purchasers would have bought the securities between 2\/24\/12 and 1\/19\/17. The lead plaintiff is an institutional investor. The lawsuit is <em>UA Local 13 Pension Fund v. The Western Union Company<\/em>.<\/p>\n<p>The lawsuit contends that Western Union and a number of its current and ex-directors and\/or officers made false and misleading statements and did not disclose adverse information about Western Union\u2019s business and compliance policies. Instead, Western Union and senior management purportedly told investors that the Company\u2019s compliance program was robust and in compliance with the laws, both of which the plaintiff claims were false.<\/p>\n<p>Western Union is accused of aiding and abetting a network of international criminal activities, not putting into place compliance programs that were effective, and disregarding misconduct so as to profit. The alleged violations purportedly caused Western Union shares to become artificially inflated.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/#more-6116\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A class action securities case has been brought against Western Union Company (UW) by purchasers of the company\u2019s publicly traded securities. The purchasers would have bought the securities between 2\/24\/12 and 1\/19\/17. The lead plaintiff is an institutional investor. The lawsuit is UA Local 13 Pension Fund v. The Western Union Company. The lawsuit contends [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3804],"tags":[2748,2749],"class_list":["post-6116","post","type-post","status-publish","format-standard","hentry","category-class-action-lawsuits","tag-federal-trade-commission","tag-western-union"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Following $586M Settlement, Western Union is Now a Defendant in Class Action Securities Case &#8212; Investor Lawyers Blog &#8212; February 23, 2017<\/title>\n<meta name=\"description\" content=\"A class action securities case has been brought against Western Union Company (UW) by purchasers of the company\u2019s publicly traded securities. The &#8212; February 23, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Following $586M Settlement, Western Union is Now a Defendant in Class Action Securities Case &#8212; Investor Lawyers Blog &#8212; February 23, 2017\" \/>\n<meta name=\"twitter:description\" content=\"A class action securities case has been brought against Western Union Company (UW) by purchasers of the company\u2019s publicly traded securities. The &#8212; February 23, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Following $586M Settlement, Western Union is Now a Defendant in Class Action Securities Case &#8212; Investor Lawyers Blog &#8212; February 23, 2017","description":"A class action securities case has been brought against Western Union Company (UW) by purchasers of the company\u2019s publicly traded securities. The &#8212; February 23, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/","twitter_card":"summary_large_image","twitter_title":"Following $586M Settlement, Western Union is Now a Defendant in Class Action Securities Case &#8212; Investor Lawyers Blog &#8212; February 23, 2017","twitter_description":"A class action securities case has been brought against Western Union Company (UW) by purchasers of the company\u2019s publicly traded securities. The &#8212; February 23, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Following $586M Settlement, Western Union is Now a Defendant in Class Action Securities Case","datePublished":"2017-02-24T01:51:26+00:00","dateModified":"2022-05-19T14:28:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/"},"wordCount":463,"keywords":["Federal Trade Commission","Western Union"],"articleSection":["Class Action Lawsuits"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/","url":"https:\/\/www.investorlawyers.com\/blog\/following-586m-settlement-western-union-now-defendant-class-action-securities-case\/","name":"Following $586M Settlement, Western Union is Now a Defendant in Class Action Securities Case &#8212; Investor Lawyers Blog &#8212; February 23, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-02-24T01:51:26+00:00","dateModified":"2022-05-19T14:28:55+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A class action securities case has been brought against Western Union Company (UW) by purchasers of the company\u2019s publicly traded securities. 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