Virtus Investment Partners Inc. Investors Encouraged to Contact Securities Law Firm about Investigation into Allegations of Corporate Wrongdoing
NEW YORK, March 4, 2015 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating allegations for Virtus Investment Partners Inc. shareholders (NASDAQ:VRTS). Concerned VRTS investors who purchased between May 28, 2013 and December 22, 2014 are encouraged to contact securities attorney Hamilton Lindley by clicking here.
A securities class action lawsuit has been filed in the U.S. District Court for the Southern District of New York. Virtus marketed and offered funds with an "AlphaSector" strategy, through a relationship with investment advisor firm F-Squared Investments, Inc. Allegations are that defendants concealed from the investing public that past results of the AlphaSector funds were grossly overstated and inflated. As a result, Virtus' stock traded at artificially inflated prices during the class period.
On December 22, 2014, the SEC made an announcement that they had formally charged F-Squared and its President for fraud and other violations of the Investment Advisors Act of 1940, and that it had reached a settlement with F-Squared regarding those charges. If you suffered a loss in Virtus you have until April 21, 2015 to request that the Court appoint you as lead plaintiff. You are not required to be lead plaintiff to share in any recovery.
Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. VRTS stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/VRTS.
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SOURCE Dunnam & Dunnam
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