On february 11th Western Union's executives glossed over a decline in earnings and revenues in an upbeat call. But a day earlier five law firms had cast light on some of its troubles when they petitioned a court to represent its shareholders in lawsuits related to dealings with financial regulators. The litigation is the latest twist in a legal battle extending back more than a decade. At its core, it reflects conflicting public policy objectives relating to one of the world's oldest businesses: the transfer of money from one place to another.
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