A settlement was reached in the lawsuit filed on behalf of certain investors of Knight Capital Group Inc (NYSE: KCG) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on June 29, 2015 and NYSE: KCG investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/22/2015 -- A deadline is coming up on June 29, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Knight Capital Group Inc (NYSE: KCG) between May 10, 2011 and August 1, 2012.
Investors who purchased a significant amount of shares of Knight Capital Group Inc (NYSE: KCG) between May 10, 2011 and August 1, 2012, have certain options and should contact the Shareholders Foundation by email at firstname.lastname@example.org or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Knight Capital Group Inc (NYSE: KCG) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/knight-capital-group-inc-nyse-kcg-investor-securities-class-action-lawsuit-10262012
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is June 29, 2015. The class action administrator for this case is Epiq Systems Inc.
The lawsuit was originally filed in the U.S. District Court for the District of New Jersey against Knight Capital Group Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between January 19, 2012 and August 1, 2012. The complaint alleges that, between January 19, 2012 and August 1, 2012, Knight Capital Group Inc and certain of its executive officers made materially false and misleading statements regarding Knight Capital Group Inc's business, operational and accounting practices. Specifically, Knight Capital Group Inc made false and/or misleading statements and/or failed to disclose: (i) that Knight Capital Group Inc lacked the deep liquidity it claimed to have and its capital position was not what Knight Capital Group Inc purported it to be; (ii) that Knight Capital Group Inc's trading technology and infrastructure were in fact not sophisticated and were not appropriately checked or tested to ensure they were working properly (as required by all high frequency broker-dealers with access to the markets); (iii) that the company lacked adequate internal and financial controls; and (iv) that, as a result of the above, Knight Capital Group Inc's financial statements were materially false and misleading at all relevant times, and positive statements about Knight Capital Group Inc's business prospects lacked a reasonable basis.
Those who purchased shares of Knight Capital Group Inc (NYSE: KCG) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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