WILMINGTON, Del., Aug. 17, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you, or did you, own shares of Investment Technology
Group, Inc. (NYSE: ITG)?
- Did you purchase your shares between February 28, 2011 and July
29, 2015, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a complaint has been
filed in the United States District Court for the Northern District
of California on behalf of all
persons or entities that purchased the common stock of Investment
Technology Group, Inc. ("ITG" or the "Company") (NYSE: ITG) between
February 28, 2011 and July 29, 2015, inclusive (the "Class Period"),
alleging violations of the Securities Exchange Act of 1934 against
the Company and certain of its officers (the "Complaint").
If you purchased shares of ITG during the Class Period, or
purchased shares prior to the Class Period and still hold ITG, and
wish to discuss this action or have any questions concerning this
notice or your rights or interests, please contact Timothy J.
MacFall, Esquire or Peter Allocco of
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803 at (888)
969-4242; by e-mail to info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/investment-technology-group-inc-itg.
The Complaint alleges that throughout the Class Period,
defendants made materially false and misleading statements, and
omitted materially adverse facts, about the Company's business,
operations and prospects. As a result of defendants' alleged
false and misleading statements, the Company's stock traded at
artificially inflated prices during the Class Period.
According to the Complaint, on July 29,
2015, the Company issued a press release, announcing, among
other things, that it is setting aside $20.3
million for a probable settlement with the SEC to resolve
allegations that the Company failed to disclose crossing against
sell-side clients in POSIT and violations of ITG policy and
procedures by a former employee.
On this news, shares in ITG dropped almost 24%, closing at
$18.36 per share on July 30, 2014, on heavy trading
volume.
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. Any member of the proposed class may move the
court to serve as lead plaintiff through counsel of their choice,
or may choose to do nothing and remain an absent class member.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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SOURCE Rigrodsky & Long, P.A.