WILMINGTON, Del., Aug. 17, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Investment Technology Group, Inc. (NYSE: ITG)?
- Did you purchase your shares between February 28, 2011 and July 29, 2015, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities that purchased the common stock of Investment Technology Group, Inc. ("ITG" or the "Company") (NYSE: ITG) between February 28, 2011 and July 29, 2015, inclusive (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the "Complaint").
If you purchased shares of ITG during the Class Period, or purchased shares prior to the Class Period and still hold ITG, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to firstname.lastname@example.org; or at: http://rigrodskylong.com/investigations/investment-technology-group-inc-itg.
The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's business, operations and prospects. As a result of defendants' alleged false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.
According to the Complaint, on July 29, 2015, the Company issued a press release, announcing, among other things, that it is setting aside $20.3 million for a probable settlement with the SEC to resolve allegations that the Company failed to disclose crossing against sell-side clients in POSIT and violations of ITG policy and procedures by a former employee.
On this news, shares in ITG dropped almost 24%, closing at $18.36 per share on July 30, 2014, on heavy trading volume.
If you wish to serve as lead plaintiff, you must move the Court no later than October 5, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
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