MoneyGram 'considering legal options' following Western Union patent verdict

MoneyGram International (NYSE:MGI), a global leader in the payment services industry, announced today that the U.S. District Court for the Western District of Texas, Austin Division, yesterday returned a verdict in a suit brought by Western Union, finding MoneyGram infringed on certain patents relating to enabling customers to send transactions without the use of written send forms, and awarding $16.5 million dollars to Western Union.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

"Clearly, we are disappointed with the jury's verdict. We are evaluating the decision, determining next steps required, and reviewing our legal options, including post-verdict motions and appeals," said Carolyn Eshleman, vice president and associate general counsel at MoneyGram International.

Sponsored [Wealth Continuum Series Webinar] Protecting Wealth: Tackling Faster Payments Fraud and AI-driven Scams

Comments: (0)

[Webinar] Navigating the Macro-economy: Opportunities in Multi-currency SettlementFinextra Promoted[Webinar] Navigating the Macro-economy: Opportunities in Multi-currency Settlement