A Deadline is coming up on October 5, 2015 in the lawsuit for investors in Investment Technology Group (NYSE:ITG) and Investment Technology Group (NYSE:ITG stockholders should contact the Shareholders Foundation at firstname.lastname@example.org
San Diego, CA -- (SBWIRE) -- 10/05/2015 -- A deadline is coming up on October 5, 2015 in the lawsuit filed for shareholder of Investment Technology Group (NYSE:ITG) over alleged securities laws violations by Investment Technology Group.
Investors who purchased shares of Investment Technology Group (NYSE:ITG) have certain options and there are strict and short deadlines running. Deadline: October 5, 2015. NYSE:ITG stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
According to the complaint filed in California the plaintiff alleges on behalf of purchasers of Investment Technology Group (NYSE:ITG) that defendants issued certain allegedly materially false and misleading statements to investors and/or failed to disclose that Investment Technology Group's AlterNet Securities, Inc. subsidiary operated a proprietary trading operation in 2010 through mid-2011 inside of ITG's POSIT dark pool, a private stock trading platform, against some of its broker clients, that the proprietary trading operation used information from customer stock orders within ITG's dark pool, as well as information from Investment Technology Group clients that used the firm's algorithms to execute trades on other trading platforms, which should not have been available, and that as a result of the foregoing, Investment Technology Group's public statements were materially false and misleading at all relevant times.
On July 29, 2015, Investment Technology Group announced that it negotiated a potential settlement with Securities and Exchange Commission ("SEC") related to how it ran its private stock trading venue or "dark pool." Based on the terms of the potential settlement, Investment Technology Group would pay an aggregate amount of $20.3 million, which represents a civil penalty of $18 million, disgorgement of approximately $2.1 million in trading revenues and prejudgment interest of approximately $250,000. Shares of Investment Technology Group (NYSE:ITG) declined on July 30, 2015, to as low as $17.84 per share, respectively $12.63 per share on September 15, 2015
On October 1, 2015, NYSE:ITG shares closed at $13.25 per share.
Those who purchased shares of Investment Technology Group have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego