The Shareholders Foundation announces that a lawsuit is pending on behalf of certain purchasers of Investment Technology Group (NYSE:ITG) shares.
Investors who purchased shares of Investment Technology Group (NYSE: ITG) before January 2011 and continue to hold any NYSE: ITG shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
On August 5, 2015, a lawsuit was filed against Investment Technology Group over alleged securities laws violations. The plaintiff alleged that the defendants issued 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 December 14, 2015 an amended complaint was filed and on May 2, 2016, the defendant’s motion to dismiss the case was filed.
Those who purchased NYSE: ITG shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego