MoneyGram Dragged Into Class-Action Lawsuit Over Ripple, XRP Partnership

"The class-action lawsuit, filed on Monday in California, was submitted by law firm Rosen on behalf of investors who purchased securities from MoneyGram between June 17, 2019 and February 22, 2021. The global investor rights legal practice asserted MoneyGram made fraudulent statements regarding its partnership with Ripple Labs and the status of XRP as a security."

Moneygram appears to be in hot water after a class-action lawsuit was filed in California. Allegations of false statements and failed disclosures of XRP’s status as an unlicensed security spearhead the case. https://t.co/xkfHZ420n1

— Cointelegraph (@Cointelegraph) March 2, 2021