Investment Technology Group, Inc. Securities Litigation
On or around 01/07/2019 (Ongoing date of last review)
Filing Date: January 04, 2019
According to the Complaint, this action stems from a proposed transaction announced on November 7, 2018 (the “Proposed Transaction”), pursuant to which Investment Technology Group, Inc. (“ITG” or the “Company”) will be acquired by Virtu Financial, Inc.
On December 14, 2018, Defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction.
The Complaint alleges that the Proxy Statement, which scheduled a stockholder vote on the Proposed Transaction for January 24, 2019, omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
Company & Securities Information
Defendant: Investment Technology Group, Inc.
Industry: Investment Services
Headquarters: United States
Ticker Symbol: ITG
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Richard Scarantino, et al. v. Investment Technology Group, Inc., et al.