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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Evoqua, Welbilt, and MoneyGram and Encourages Investors to Contact the Firm

December 29, 2018

NEW YORK, Dec. 28, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Evoqua Water Technologies Corp., Welbilt, Inc., and MoneyGram International, Inc. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Evoqua Water Technologies Corp. (NYSE: AQUA)

Class Period: November 6, 2017 - October 30, 2018

Lead Plaintiff Deadline: January 7, 2019

The class action complaint alleges that throughout the Class Period defendants made materially false and misleading statements, and failed to disclose to investors that: (i) Evoqua failed to successfully integrate its prior acquisitions; (ii) Evoqua was experiencing supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project; and (iii) as a result of the foregoing, Evoqua’s public statements were materially false and misleading at all relevant times. The complaint further alleges that investors purchased Evoqua’s common stock at artificially inflated prices during the Class Period and suffered investment losses as a result of the defendants’ conduct.

To learn more about the Evoqua class action go to: https://bespc.com/aqua/.

Welbilt, Inc. (NYSE: WBT)

Class Period: February 24, 2017 - November 2, 2018

Lead Plaintiff Deadline: January 8, 2019

The complaint alleges that throughout the class period Welbilt made materially false and/or misleading statements and/or failed to disclose that: (i) the company lacked effective internal control over financial reporting; (ii) the company was incorrectly recording the tax basis of foreign subsidiaries and the amortization of their intangible assets; and (iii) as a result of the foregoing, defendants’ statements about Welbilt’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

To learn more about the Welbilt class action go to: https://bespc.com/wbt/.

MoneyGram International, Inc. (NASDAQ: MGI)

Class Period: February 11, 2014 and November 8, 2018

Lead Plaintiff Deadline: January 14, 2019

The complaint alleges that throughout the class period defendants made materially false and misleading statements, and failed to disclose to investors that: (i) MoneyGram was aware for years of high levels of fraud involving its money transfer system; (ii) MoneyGram failed to implement appropriate anti-fraud countermeasures, in part, because doing so would adversely impact its revenue; and (iii) this misconduct would draw scrutiny from the FTC, which had an agreed-upon order requiring MoneyGram to implement a comprehensive anti-fraud program.

To learn more about the MoneyGram class action go to: http://bespc.com/mgi/.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

ContactsBragar Eagel & Squire, P.C.Brandon Walker, Esq.Melissa Fortunato, Esq.(212) 355-4648 investigations@bespc.comwww.bespc.com

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