MoneyGram Faces Lawsuit for Allegedly Misleading Investors About XRP

If the SEC enforces securities laws against Ripple, “MoneyGram would be likely to lose the lucrative stream of market development fees that was critical to its financial results throughout the Class Period,” the Rosen law firm states. Further, “As a result, [MoneyGram’s] public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.”