MoneyGram Sued Over Allegedly False Statements about XRP Mar 2 2021 · 11:13 UTC | Updated Mar 2 2021 · 12:43 by Mercy Tukiya Mutanya · 2 min read Photo: Depositphotos You have successfully joined our subscriber list. Despite its efforts to resist being affected by Ripple’s crisis, MoneyGram might have a few tough months ahead. MoneyGram International Inc (NASDAQ: MGI) has been sued by investors who purchased MoneyGram securities between June 17, 2019 and February 22, 2021. The lawsuit, filed on Monday, 1 March, alleges that MoneyGram made false statements regarding Ripple Labs and XRP. The Class Action lawsuit was filed by Rosen Law Firm, a global investor rights law firm. The lawsuit is another one in a series of the SEC‘s December lawsuits against Ripple Labs for the alleged sale of unlicensed securities.