Motley Rice LLC Announces Summary Notice of Pendency of Class Action Settlement in the In re Investment Technology Group, Inc. Securities Litigation
MT. PLEASANT, S.C., Dec. 10, 2018 /PRNewswire/ -- The following statement is being issued by Motley Rice LLC regarding the class action In re Investment Technology Group, Inc. Securities Litigation, No. 15 Civ. 6369 (JFK) (S.D.N.Y.)
TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED ANY INVESTMENT TECHNOLOGY GROUP, INC. ("ITG" OR THE "COMPANY") COMMON STOCK FROM FEBRUARY 28, 2011, THROUGH AND INCLUDING AUGUST 3, 2015 (THE "CLASS PERIOD"), AND WHO WERE DAMAGED THEREBY (THE "CLASS")
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that the above-captioned action has been certified as a class action for purposes of settlement only and that a settlement for $18,000,000 has been proposed. A hearing will be held on February 21, 2019 at 11:00 a.m., before the Honorable John F. Keenan at the United States District Court for the Southern District of New York, Daniel Patrick Moynihan U.S. Courthouse, 500 Pearl Street, Courtroom 20C, New York, NY 10007 for the purpose of determining: (1) whether the proposed Settlement should be approved by the Court as fair, reasonable, and adequate; (2) whether the Final Judgment Approving Class Action Settlement should be entered by the Court dismissing the Action with prejudice, and the releases specified and described in the Amended Stipulation and Agreement of Settlement dated October 26, 2018, should be granted; (3) whether the proposed Plan of Allocation is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for an award of attorneys' fees and litigation expenses in connection with this Action should be approved. The Court has reserved the right to reschedule the hearing without further notice.
If you are a member of the Class described above, your rights may be affected by this Action and the proposed Settlement thereof. If you have not received the detailed Notice of (i) Pendency of Class Action, Certification of Class, and Proposed Settlement; (ii) Settlement Fairness Hearing; and (iii) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice") or the Claim and Release Form ("Claim Form"), you may obtain them by contacting the Claims Administrator:
ITG SECURITIES SETTLEMENT
c/o GCG
P.O. Box 10602
Dublin, OH 43017-9202
[email protected]
ITGSecuritiesSettlement.com
(888) 312-0818
Inquiries, other than requests for information about the status of a claim, also may be made to Lead Counsel:
MOTLEY RICE LLC
Gregg S. Levin, Esq.
Lance V. Oliver, Esq.
28 Bridgeside Boulevard
Mt. Pleasant, SC 29464
(843) 216-9000
www.motleyrice.com
Further information may also be obtained by directing your inquiry in writing to the Claims Administrator, GCG, at the address listed above.
If you are a member of the Class and wish to share in the Settlement proceeds, you must submit a Claim Form postmarked no later than April 4, 2019, establishing that you are entitled to recovery. As further described in the Notice, you will be bound by any judgment entered in the Action, regardless of whether you submit a Claim Form, unless you exclude yourself from the Settlement Class, in accordance with the procedures set forth in the Notice, no later than January 31, 2019. Any objections to the Settlement, Plan of Allocation, or Lead Counsel's request for attorney's fees and litigation expenses must be filed and served, in accordance with the procedures set forth in the Notice, such that they are received no later than January 31, 2019.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE ABOUT THIS NOTICE.
DATED: December 10, 2018
BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
SOURCE Motley Rice LLC
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