IMPORTANT EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Against MoneyGram International Inc. And Encourages Investors to Contact the Firm

IRVINE, CA / ACCESSWIRE / October 27, 2016 / Khang & Khang LLP announces the filing of a class action lawsuit against MoneyGram International Inc. (“MoneyGram” or the “Company”) (Nasdaq: MGI). Investors who purchased or otherwise acquired shares pursuant to the company’s secondary public offering completed on or around April 2, 2014, should contact the Firm before the November 14, 2016 lead plaintiff motion deadline.

If you purchased shares of MoneyGram traceable to the secondary offering, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, the company and underwriters of the secondary offering violated Sections 11, 12(a)(2), and 15 of the Securities Act of 1933. Specifically, the complaint alleges that MoneyGram issued misleading statements and/or failed to disclose material adverse information in offering documents filed with the U.S. Securities and Exchange Commission regarding the possibility of Walmart entering the money transfer business and the consequences of such a development.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

KHANG & KHANG LLP
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

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