Mealey's Securities/D&O Liability - Shareholder Says Board Took Insufficient Actions To Stop Money Laundering

Mealey's Securities/D&O Liability - Shareholder Says Board Took Insufficient Actions To Stop Money Laundering

DENVER - A pension fund and retirement system that is a shareholder in The Western Union Co. brought a derivative lawsuit against Western Union in a federal court in Colorado on Feb. 28, claiming that the company's directors and officers put the company at risk by not conforming to certain money transfer banking laws (Louisiana Municipal Police Employees' Retirement System, derivatively on behalf of The Western Union Company, v Dinyar S. Devitre, et al., No. 14-cv-00641, D. Colo.).

Find full version on lexis Advance®
Access this news story on lexis.com®