Kirby McInerney LLP Investigates Potential Claims on Behalf of Investment Technology Group, Inc. Investors
August 07 2015 - 5:30PM
Business Wire
Kirby McInerney LLP announced today that a federal class action
lawsuit has been commenced on behalf of investors who acquired
Investment Technology Group, Inc. (“ITG” or the “Company”) (ITG)
securities during the period from February 28, 2011 through July
29, 2015. Pursuant to applicable laws, investors have until October
5, 2015 to file a motion to be appointed as lead plaintiff in the
shareholder lawsuit.
On July 29, 2015, the Company issued a press release announcing
that it had commenced settlement discussions with the SEC in
connection with the SEC’s investigation into a proprietary trading
pilot operated within ITG’s Alternet Securities, Inc. (“AlterNet”)
subsidiary. The Company also announced that it was setting aside
$20.3 million for the probable settlement. On this news, the price
of ITG stock fell from $23.82 to close at $18.36 per share (a
decline of $5.46).
If you acquired ITG securities during this period and you are
interested in learning more about this matter and any rights you
might have with respect to these claims, contact Rona Li at
securitiescases@kmllp.com, by telephone at (212) 371-6600, or by
filling out this contact form. Please bear in mind that some of
these rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, whistleblower, antitrust and consumer
litigation. The firm has specialized in complex litigation,
including securities class actions, for several decades. Kirby
McInerney LLP has repeatedly demonstrated its expertise in this
field, and has been recognized by various courts that have
appointed the firm to major positions in consolidated and
multi-district litigation. The firm’s efforts on behalf of
shareholders in securities litigation have resulted in recoveries
totaling billions of dollars, and the firm’s achievements and
quality of service have been chronicled in numerous published
decisions. Additional information about the firm or the claims
against ITG can also be found on Kirby McInerney LLP’s
website: http://www.kmllp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150807005849/en/
Kirby McInerney LLPRona Li,
212-371-6600securitiescases@kmllp.com
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