Western Union 2015 Annual Report Download - page 155

53
On February 10, 2015, Caryn Pincus filed a purported class action lawsuit in the United States District Court for the Southern
District of Florida against Speedpay, Inc. (“Speedpay”), a subsidiary of the Company, asserting claims based on allegations that
Speedpay imposed an unlawful surcharge on credit card transactions and that Speedpay engages in money transmission without
a license. The complaint requests certification of a class and two subclasses generally comprised of consumers in Florida who
made a payment through Speedpay’s bill payment services using a credit card and were charged a surcharge for such payment
during the four-year and five-year periods prior to the filing of the complaint through the date of class certification. On April 6,
2015, Speedpay filed a motion to dismiss the complaint. On April 23, 2015, in response to the motion to dismiss, Pincus filed an
amended complaint that adds claims (1) under the Florida Civil Remedies for Criminal Practices Act, which authorizes civil
remedies for certain criminal conduct; and (2) for violation of the federal Racketeer Influenced and Corrupt Organizations Act. On
May 15, 2015, Speedpay filed a motion to dismiss the amended complaint. On October 6, 2015, the Court entered an order denying
Speedpay’s motion to dismiss. On October 20, 2015, Speedpay filed an answer to the amended complaint. On December 1, 2015,
Pincus filed a second amended complaint that revised her factual allegations, but added no new claims. On December 18, 2015,
Speedpay filed an answer to the second amended complaint. As this action is in a preliminary stage, the Company is unable to
predict the outcome, or the possible loss or range of loss, if any, which could be associated with this action. Speedpay intends to
vigorously defend itself in this matter.
In addition to the principal matters described above and the matters described in Part II, Item 8, Financial Statements and
Supplementary Data, Note 5, "Commitments and Contingencies," the Company is a party to a variety of other legal matters that
arise in the normal course of the Company's business. While the results of these other legal matters cannot be predicted with
certainty, management believes that the final outcome of these matters will not have a material adverse effect either individually
or in the aggregate on the Company's financial condition, results of operations, or cash flows.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
201 FORM 10 K
5 -