Thieler Law Corp advises investors with losses exceeding $100,000 of the October 5, 2015 lead plaintiff deadline in a class action lawsuit filed against Investment Technology Group Inc (NYSE: ITG) (“Investment Technology” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Investment Technology securities between February 28, 2011 and July 29, 2015, have until October 5, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Investment Technology securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Investment Technology Group Inc's AlterNet Securities, Inc. subsidiary operated a proprietary trading operation in 2010 through mid-2011 inside of ITG's POSIT dark poll, a private stock trading platform, against some of its broker clients. The plaintiff also asserts that the defendants allegedly failed to disclose the proprietary trading operation used information from customer stock orders within ITG's dark pool, as well as information from ITG clients that used the firm’s algorithms to execute trades on other trading platforms, which should not have been available.  The complaint further alleges that as a result of the foregoing, the Company’s public statements were materially false and misleading during the times specified in the lawsuit.

On July 29, 2015, after the market had closed, 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. 

After the release of this news, shares of ITG have fallen as much as 5.83, or 24.3%, in intraday trading on July 30, 2015.

If you were negatively impacted by your investment in Investment Technology securities between February 28, 2011 and July 29, 2015, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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