The Knight Capital Group, Inc. ("Knight Capital" or the Company) is an American global financial services firm primarily engaged in equities trading.

According to the law firm press release, the Complaint alleges that when trading opened on the NYSE on Wednesday, August 1, 2012, Knight Capital was utilizing newly installed trading software that contained a faulty algorithm, or algorithms that did not properly interface with the Company's existing trading network. The faulty software caused Knight Capital to acquire a large volume of stock shares at unfavorable prices. At some point on August 1, 2012, Knight Capital held nearly $7,000,000,000 worth of stocks as a result of the faulty trading algorithm or algorithms. The Company sold shares throughout the day and was left with a position of $4,600,000,000 by the close of trading. As a result of these faulty algorithms, Plaintiff and class members have suffered losses.

On December 20, 2012, the Plaintiff filed a Notice voluntarily dismissing the first filed action without prejudice. A related action continues in the District of New Jersey under 12-CV-06760.

On December 13, 2012, the Court appointed lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on March 14, 2013.

A second amended Complaint was filed on December 20, 2013.

The parties filed a Stipulation of Settlement on February 10, 2015. Preliminary approval was granted on March 2. Final approval was granted on July 6.