NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Investment Technology Group, Inc. (NYSE:ITG) resulting from allegations Investment Technology Group may have issued materially misleading business information to the investing public.
On July 29, 2015, Investment Technology Group announced that it negotiated a potential settlement with Securities and Exchange Commission related to how it ran its private stock trading venue or “dark pool.” Based on the terms of the potential settlement, Investment Technology Group would pay an aggregate amount of $20.3 million, which represents a civil penalty of $18 million, disgorgement of approximately $2.1 million in trading revenues and prejudgment interest of approximately $250,000. On this news, shares of Investment Technology Group fell sharply during intraday on July 30, 2015, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Investment Technology Group investors. If you purchased shares of Investment Technology Group on or before July 29, 2015, please visit the firm’s website at http://rosenlegal.com/cases-685.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email 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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