The Justice Department announced that the Western Union Remission Fund began a distribution of approximately $40M in funds forfeited to the United States from the Western Union Company to approximately 25,000 victims located in the United States and abroad. These victims stand to recover the full amount of their losses. “This is the first distribution in the second phase of the Western Union Remission distributions. The first phase of distributions paid more than $365M to over 148,000 victims, all of whom received full compensation for their losses. The Justice Department anticipates authorizing more distributions for victims in the coming months,” the DOJ stated.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WU:
- Western Union price target raised to $13 from $10 at Truist
- Western Union price target raised to $13 from $12 at JPMorgan
- Western Union raises FY23 adjusted EPS view to $1.65-$1.75, consensus $1.62
- Western Union reports Q2 adjusted EPS 51c, consensus 39c
- WU Earnings Report this Week: Is It a Buy, Ahead of Earnings?