August 17, 1999 |
A group of California politicians, civil rights groups and Latino community leaders were expected today to announce their opposition to a preliminary settlement by Western Union and MoneyGram that would compensate immigrants nationwide who allegedly paid exorbitant hidden fees when wiring money to Mexico.
November 7, 1997 |
Every two weeks, Alfredo Cervantes sends home all the money he can spare--$50, $100, sometimes $200. Saving the cash from his factory job has been tough, Cervantes said, but getting it to relatives in the small Mexican town of Sahuayo has been even tougher. Money orders disappeared in the mail. Dollars sent through an informal cross-border network were stolen. Friends who traveled to Tijuana to deposit money in Mexican banks were robbed at knifepoint.
CALIFORNIA | LOCAL
November 5, 1997
The Western Union and MoneyGram companies have been accused of failing to tell customers that the firms deducted a currency conversion fee from funds wired to victims of Hurricane Pauline in Latin America. Attorney Fred J. Kumetz said in a federal lawsuit filed Monday that despite announcing that they would wire money to the hurricane victims without charge, the firms subtracted a fee of about 10% for converting dollars into Mexican pesos and other Latin American currencies.
September 2, 1989 |
Ruling on the first lawsuit involving property damage in outer space, a state appeals court has decided that insurance companies cannot recover $5 million they lost when a Western Union satellite sputtered short of orbit. The 4th District Court of Appeal in San Diego dismissed a case brought by some of the insurance companies that paid out $105 million after the Westar VI communication satellite's booster rocket failed shortly after its deployment from the shuttle Challenger in February, 1984.
October 6, 1988 |
With the deputy sheriff standing by, the "accused" trembles and says into the telephone: "Send the money right away, or there won't be a. . . ." Next in the television commercial, the crisp bills arrive via Western Union, and, somewhat to the deputy's chagrin, the fine is paid, leaving the "culprit" free to depart. With an offspring away at college, or starting a new job in a faraway city, the call is almost certain to come--hopefully without the pressure of police charges.
December 31, 1987 |
Western Union Corp. said Wednesday that the final piece to its complex restructuring plan has been approved by debt holders, rescuing the company from the brink of bankruptcy proceedings. By Wednesday morning, the required two-thirds of the company's debt holders agreed to exchange their debentures for stock in a restructured company, a spokesman said. The new company will be formed by the merger of Western Union and its chief subsidiary, Western Union Telegraph Co.