MoneyGram 2009 Annual Report Download - page 24

Table of Contents
preventing a merger or change in control of the Company. Some of these matters may discourage a future acquisition of the Company
even if common stockholders would receive an attractive value for their shares or if a significant number of our common stockholders
believed such a proposed transaction to be in their best interests. As a result, stockholders who desire to participate in such a transaction
may not have the opportunity to do so.
If we cannot meet the New York Stock Exchange ("NYSE") continued listing requirements, the NYSE may delist our common stock.
Our common stock is currently listed on the NYSE. The NYSE requires us to maintain an average closing price of our common stock of
$1.00 per share or higher over 30 consecutive trading days as well as to maintain average market capitalization and stockholders' equity
of at least $75 million.
If we are unable to maintain compliance with the NYSE criteria for continued listing, our common stock would be subject to delisting. A
delisting of our common stock could negatively impact us by, among other things, reducing the liquidity and market price of our common
stock; reducing the number of investors willing to hold or acquire our common stock, which could negatively impact our ability to raise
equity financing; decreasing the amount of news and analyst coverage for the Company; and limiting our ability to issue additional
securities or obtain additional financing in the future.
Item 1B. UNRESOLVED SEC COMMENTS
None.
Item 2. PROPERTIES
Location Use Segment(s) Using Space Square Feet Lease Expiration
Minneapolis, MN Corporate Headquarters Both 168,211 12/31/2015
Brooklyn Center, MN Global Operations Center Both 75,000 1/31/2012
Brooklyn Center, MN Global Operations Center Both 44,026 1/31/2012
Lakewood, CO Call Center Global Funds Transfer 114,240 3/31/2012
Information concerning our material properties, all of which are leased, including location, use, approximate area in square feet and lease
terms, is set forth above. We also have a number of other smaller office locations in Arkansas, California, Florida, New York, France,
Germany, Italy, Spain and the United Kingdom, as well as small sales and marketing offices in Australia, China, Greece, Hong Kong,
India, Italy, the Netherlands, Nigeria, Russia, South Africa, Spain, Ukraine and United Arab Emirates. We believe that our properties are
sufficient to meet our current and projected needs.
Item 3. LEGAL PROCEEDINGS
We are involved in various claims, litigations and government inquiries that arise from time to time in the ordinary course of our
business. All of these matters are subject to uncertainties and outcomes that are not predictable with certainty. We accrue for these
matters as any resulting losses become probable and can be reasonably estimated. Further, we maintain insurance coverage for many
claims and litigations alleged. Management does not believe that after final disposition any of these matters is likely to have a material
adverse impact on our financial position.
Federal Securities Class Actions — The Company and certain of its present and former officers and directors are defendants in a
consolidated class action case in the United States District Court for the District of Minnesota captioned In re MoneyGram International,
Inc. Securities Litigation. The Consolidated Complaint was filed on October 3, 2008, and alleges against each defendant violations of
Section 10(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and Rule 10b-5 under the Exchange Act and
alleges against Company officers violations of Section 20(a) of the Exchange Act. The Consolidated Complaint alleges failure to
adequately disclose, in a timely manner, the nature and risks of the Company's investments, as well as unrealized losses and
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