LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of investors of Investment Technology Group Inc. ("ITG" or the "Company") (NYSE: ITG). The investigation concerns whether the Company violated specific sections of the Securities Exchange Act of 1934 by issuing materially misleading information regarding its alleged violations of SEC rules.
On July 29, 2015, after the market close, ITG announced that it would incur significant expenses associated with settling SEC claims that a market-making unit run by ITG in 2010 and 2011 traded using information not available to other customers of ITG’s private stock-trading systems. The Company announced that, “ITG reserved $20.3 million for a probable settlement with the SEC and incurred $2.3 million in legal and other related costs associated with this matter during the second quarter of 2015,” and that a board member had resigned effective immediately. On this news shares of ITG dropped significantly, over $5 per share or over 21%, during intraday trading on July 30, 2015. GPM is preparing a lawsuit to recover damages on behalf of ITG investors.
If you purchased ITG shares, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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