LAWSUITS NEWS & LEGAL INFORMATION
$80M Settlement Proposed in MoneyGram Class Action
This is a settlement for the Securities/Stock Fraud lawsuit.
Minneapolis, MN: If you purchased or otherwise acquired the common stock of MoneyGram International, Inc. ("MoneyGram") between January 24, 2007 and March 25, 2008, inclusive (the "Class Period"), you may be a member of the Class in this action and entitled to share in a $80,000,000 settlement.
A settlement class has been certified and that a settlement of Eighty Million Dollars ($80,000,000) has been proposed in the above-captioned action.
A hearing will be held on June 18, 2010 to determine whether: (1) the proposed settlement should be approved by the Court as fair, reasonable and adequate; (2) Lead Counsel's application for an award of attorneys' fees and reimbursements of expenses should be approved; (3) the claims against the Defendants should be dismissed with prejudice; and (4) such other matters as the Court deems appropriate to rule upon. If approved, the Settlement will resolve all of the claims in this litigation as further described in the full printed Notice of Class Action, Proposed Settlement, Motion for Attorneys' Fees and Fairness Hearing (the "Notice").
If you are a member of the class described above, your rights will be affected and you may be entitled to share in the settlement fund. If you are a member of the class and you do not request exclusion, you will be bound by the settlement and barred from asserting the released claims. If you have not yet received the full printed Notice and Proof of Claim and Release form ("Proof of Claim"), you may obtain copies of these documents by downloading them from the website www.MGIsettlement.com.
Published on Apr-7-10
A settlement class has been certified and that a settlement of Eighty Million Dollars ($80,000,000) has been proposed in the above-captioned action.
A hearing will be held on June 18, 2010 to determine whether: (1) the proposed settlement should be approved by the Court as fair, reasonable and adequate; (2) Lead Counsel's application for an award of attorneys' fees and reimbursements of expenses should be approved; (3) the claims against the Defendants should be dismissed with prejudice; and (4) such other matters as the Court deems appropriate to rule upon. If approved, the Settlement will resolve all of the claims in this litigation as further described in the full printed Notice of Class Action, Proposed Settlement, Motion for Attorneys' Fees and Fairness Hearing (the "Notice").
If you are a member of the class described above, your rights will be affected and you may be entitled to share in the settlement fund. If you are a member of the class and you do not request exclusion, you will be bound by the settlement and barred from asserting the released claims. If you have not yet received the full printed Notice and Proof of Claim and Release form ("Proof of Claim"), you may obtain copies of these documents by downloading them from the website www.MGIsettlement.com.
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