Thieler Law Corp advises investors with losses exceeding $100,000 of the March 27, 2017 lead plaintiff deadline in a class action lawsuit filed against The Western Union Company (NYSE: WU) (“Western Union” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased The Western Union Company securities between February 24, 2012 and January 19, 2017, have until March 27, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased The Western Union Company securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Western Union’s fraud prevention efforts did not comply with applicable laws; Western Union willfully failed to maintain an effective anti-money laundering program; Western Union aided and abetted wire fraud; for at least five years, Western Union knew of agents structuring transactions designed to avoid the reporting requirements of the Bank Secrecy Act; Western Union was not compliant with its regulatory responsibilities; between 2004 and 2012, Western Union violated U.S. laws—the Bank Secrecy Act and anti-fraud statutes—by processing hundreds of thousands of transactions for Western Union agents and others involved in an international consumer fraud scheme; Western Union knew of but failed to take corrective action against Western Union agents involved in or facilitating fraud-related transactions; between January 1, 2004 and August 29, 2015, Western Union received at least 550,928 complaints about fraud-induced money transfers, totaling at least $632,721,044; and as a result, Defendants’ public statements were materially false and misleading at all relevant times.

On January 19, 2017, the U.S. Department of Justice and the Federal Trade Commission revealed that Western Union confessed to "aiding and abetting wire fraud" by permitting illicit money transfers to benefit human traffickers, money laundering schemes, and otherwise enable the transfer of "dirty money."

On this news, NYSE: WU dropped 3.30% to close at $21.13 per share on January 19, 2017.

If you were negatively impacted by your investment in The Western Union Company securities between February 24, 2012 and January 19, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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