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Interactive Brokers Group, Inc. Summary: According to a press release dated January 11, 2008, a class action commenced on behalf of a class of all persons who purchased the common stock of Interactive Brokers Group, Inc. in the Company' s initial public offering ("IPO"), which commenced on May 4, 2007, through July 5, 2007. The claims asserted arise under Sections 11 and 12(a)(2) of the Securities Act of 1933, 15 U.S.C. 00A7,Sect. 00A7,Sect. 77k and 77l(a)(2), and have been asserted against Interactive Brokers.
Specifically, the complaint alleges that the Defendant made materially misleading statements and otherwise failed to disclose that it had incurred material trading losses at the time of the IPO and that its proprietary pricing model was unable to prevent such material trading losses. The subsequent disclosure of these facts after the close of trading on July 5, 2007 resulted in the price of the Company's common stock declining, causing Plaintiff and the other members of the Class to suffer damages.
INDUSTRY CLASSIFICATION:
SIC Code: 6211
Sector: Financial
Industry: Investment Services
| COMPANY/ISSUER NAME: | Interactive Brokers Group, Inc. |
| COMPANY/ISSUER TICKER: | IBKR |
| COMPANY WEBSITE: | http://www.interactivebrokers.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Zeeshan Nayab, et al. v. Interactive Brokers Group, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint for Violations of Federal Securities Laws - Jury Trial Demanded | |||
| Type: Complaint | Date on the document: 01/11/2008 | ||
| OTHER DOCUMENTS | |||
| Case Name and/or Number: | |||
| Type: | Date on the document: | ||
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