An investigation on behalf of investors in NYSE:ITG shares over potential wrongdoing at Investment Technology Group was announced.
San Diego, CA -- (SBWIRE) -- 05/23/2017 -- An investigation was announced for long-term investors in NYSE:ITG shares concerning possible breaches of fiduciary duties by certain Investment Technology Group directors.
Investors who purchased shares of Investment Technology Group (NYSE:ITG) long-term and currently hold any of those NYSE:ITG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Investment Technology Group directors breached their fiduciary duties and caused damage to the company and its shareholders.
In August 2015 a lawsuit was filed against Investment Technology Group over alleged securities laws violations. The plaintiff claimed 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 April 26, 2017, the judge presiding over the case denied in part the defendants' motion to dismiss the lawsuit.
On May 22, 2017, NYSE:ITG shares closed at $20.31 per share.
Those who purchased shares of Investment Technology Group (NYSE:ITG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com