SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Investment Technology Group, Inc. – ITG
NEW YORK, NY / CRWEPRESSRELEASE / July 30, 2015 /Pomerantz LLP is investigating claims on behalf of investors of Investment Technology Group, Inc. (“Investment Technology” or the “Company”) (NYSE: ITG). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Investment Technology and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 29, 2015, post-market, the brokerage announced that it is in talks to settle allegations that its equity dark pool ran afoul of U.S. regulations and may pay a record penalty of $20.3 million to the Securities and Exchange Commission. “In hindsight, I recognize that our client disclosures about the pilot were insufficient,” Bob Gasser, chief executive of ITG said in an email to clients on Wednesday.
On this news, shares of ITG have fallen as much as 5.83, or 24.3%, in intraday trading on July 30, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.