Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Moneygram International Inc (NASDAQ: MGI) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Moneygram International Inc (NASDAQ: MGI) concerning whether a series of statements by Moneygram International Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On April 17, 2014, shortly after completing a secondary offering of MoneyGram shares, MoneyGram disclosed for the first time the decision by Wal-Mart to introduce a competing money transfer and financial services provider in all of its current wire transfer locations across the United States.

After the release of this news, NASDAQ: MGI shares fell by almost 30% in one day to close on April 17, 2014 at $12.58 per share.

Based in Dallas, TX and founded in 1926, Moneygram International Inc is an international money transfer and payment services provider. Their business is divided into two segments, Global Funds Transfer and Financial Paper Products.

If you purchased shares of Moneygram International Inc (NASDAQ: MGI) on or before April 17, 2014, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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