BALA CYNWYD, Pa., Aug. 10, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against Knight Capital Group, Inc ("Knight" or the "Company") (NYSE: KCG) relating to possible breaches of fiduciary duty.
It has been reported that on August 1, 2012, Knight experienced a problem related to the installation of its trading software. This problem cost the Company approximately $440 million. As a result, shares of Knight stock fell 63% to close at $2.59 on August 2, 2012. The investigation concerns Knight's lack of adequate controls to monitor its automated trading software and to have systems in place to prevent these trading errors.
If you own shares of Knight stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], visiting http://brodsky-smith.com/466-kcg-knight-capital-group-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC