NEW YORK--(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 firstname.lastname@example.org, 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.