LOS ANGELES–(BUSINESS WIRE)–Goldberg Law PC (the “Firm”) announces a class action lawsuit has been filed against MoneyGram International Inc. (“MoneyGram” or the “Company”) (MGI). Investors who purchased or otherwise acquired shares pursuant to the company’s secondary public offering completed on or around April 2, 2014, are encouraged to contact the Firm in advance of the November 14, 2016 lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at [email protected].

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent 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. On April 17, 2014, Walmart announced that it would launch a money transfer product on April 24, 2014. When this news was announced, shares of MoneyGram fell in value, causing investors harm.

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

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