SECURITIES ALERT: The Rosen Law Firm Files Securities Class Action Lawsuit Against Investment Technology Group, Inc. – ITG
August 05 2015 - 5:58PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
that it has filed a class action lawsuit on behalf of purchasers of
Investment Technology Group, Inc. (NYSE:ITG) securities from
February 28, 2011 through July 29, 2015, all dates inclusive (the
“Class Period”). The lawsuit seeks to recover damages for ITG
investors under the federal securities laws.
To join the ITG class action, go to the firm’s website at
http://www.rosenlegal.com/cases-685.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action. The lawsuit is pending in U.S. District Court for the
Central District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued materially false and misleading statements to investors
and/or failed to disclose that: (1) ITG’s AlterNet Securities, Inc.
subsidiary operated a proprietary trading operation in 2010 through
mid-2011 inside of ITG's POSIT dark pool, a private stock trading
platform, against some of its broker clients; (2) the proprietary
trading operation used information from customer stock orders
within ITG's dark pool, as well as information from ITG clients
that used the firm's algorithms to execute trades on other trading
platforms, which should not have been available; and (3) as a
result of the foregoing, the Company’s public statements were
materially false and misleading at all relevant times. When the
true details entered the market, the lawsuit claims that investors
suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
October 5, 2015. A lead plaintiff is a representative party acting
on behalf of other class members in directing the litigation. If
you wish to join the litigation, go to the firm’s website at
http://www.rosenlegal.com/cases-685.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20150805006803/en/
Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel:
(212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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