NEW YORK--(BUSINESS WIRE)--Scott+Scott, Attorneys at Law, LLP, and Jack I. Zwick, Esq. filed the only class action complaint on behalf of investors who sold their shares of the common stock of GFI Group, Inc. (NYSE:GFIG) (“GFI” or the “Company”) between July 30, 2014 and September 8, 2014. The action seeks remedies under the Securities Exchange Act of 1934. While other law firms have issued press releases announcing the filing of the lawsuit, Scott+Scott and Jack I. Zwick are the only attorneys who have actually filed a lawsuit on behalf of a GFI shareholder. Prior to filing the lawsuit, Scott+Scott and Jack I. Zwick researched the law and facts necessary to bring this unique sellers’ case on behalf of their client. If you have questions about the action or are interested in being a lead plaintiff, contact one of the attorneys listed below.
If you sold GFI stock during this time period and wish to serve as a lead plaintiff in the action, you must move the Court no later than January 27, 2015. Any member of the class may move the Court to serve as lead plaintiff through counsel of its choice or may choose to do nothing and remain an absent class member. If you wish to discuss this action or have questions concerning this notice or your rights, please contact Scott+Scott (email@example.com, (800) 404-7770, (860) 537-5537) or visit the Scott+Scott website for more information: http://www.scott-scott.com.
On July 30, 2014, the Company announced that it entered into an acquisition agreement with CME Group, Inc. (“CME”), in which CME would acquire all outstanding shares of GFI. Furthermore, CME would turn around and sell portions of GFI’s business back to certain of GFI’s executives. The complaint alleges that the defendants misrepresented or failed to disclose that GFI and the other defendants knew or should have known that there were other suitors for GFI, including BGC Partners, Inc., that had the financial wherewithal to make a higher offer for GFI than CME, and in fact did, in violation of the federal securities laws, causing those who sold prior to the disclosure of the truth to sell their shares at artificially deflated prices.
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.