Bernstein Litowitz Berger & Grossmann LLP and Labaton Sucharow LLP Announce the Pendency of Class Action on Behalf of Purchasers of Virtus Investment Partners, Inc.

NEW YORK, Feb. 1, 2018 /PRNewswire/ -- The following statement is being issued by Bernstein Litowitz Berger & Grossmann LLP and Labaton Sucharow LLP regarding the In re Virtus Investment Partners, Inc. Securities Litigation, Case No. 15-cv-1249 (S.D.N.Y).

To: All persons and entities that, during the period between January 25, 2013 and May 11, 2015, inclusive (the "Class Period"), purchased or otherwise acquired shares of the publicly traded common stock of Virtus Investment Partners, Inc. and were damaged thereby ("Class").

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that the above-captioned action (the "Action") has been certified to proceed as a class action on behalf of the Class as defined above. Please Note:  At this time, there is no judgment, settlement, or monetary recovery. Trial in this Action is currently scheduled for March 19, 2018.

IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS ACTION. A full printed Notice of Pendency of Class Action (the "Notice") is currently being mailed to known potential Class Members. If you have not yet received the full printed Notice, you may obtain a copy of the Notice by downloading it from www.virtussecuritieslitigation.com, or by contacting the Administrator by toll-free phone at 1‑866‑680‑8403, or in writing at:

In re Virtus Investment Partners, Inc. Securities Litigation
c/o GCG
P.O. Box 10489
Dublin, OH 43017-4089

Inquiries, other than requests for the Notice, may be made to the following representatives of Class Counsel:

Jesse L. Jensen, Esq.
BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP 
1251 Avenue of the Americas
New York, NY 10020
1-800-380-8496

Michael H. Rogers, Esq.
LABATON SUCHAROW LLP
140 Broadway
New York, New York 10005
1-888-219-6877

If you are a Class Member, you have the right to decide whether to remain a member of the Class. If you want to remain a member of the Class, you do not need to do anything at this time other than to retain your documentation reflecting your transactions and holdings in Virtus common stock. If you are a Class Member and do not exclude yourself from the Class, you will be bound by the proceedings in this Action, including all past, present, and future orders and judgments of the Court, whether favorable or unfavorable. If you move, or if the Notice was mailed to an old or incorrect address, please send the Administrator written notification of your new address.

If you ask to be excluded from the Class, you will not be bound by any order or judgment of this Court in this Action; however, you will not be eligible to receive a share of any money which might be recovered for the benefit of the Class. To exclude yourself from the Class, you must submit a written request for exclusion postmarked no later than March 23, 2018, in accordance with the instructions set forth in the full printed Notice. Pursuant to Rule 23(e)(4) of the Federal Rules of Civil Procedure, it is within the Court's discretion as to whether a second opportunity to request exclusion from the Class will be allowed in the event there is a settlement or judgment in the Action.

Further information regarding this notice may be obtained by writing to the Administrator at the address provided above.

PLEASE DO NOT CONTACT THE COURT REGARDING THIS NOTICE.

BY ORDER OF THE COURT
United States District Court for the
Southern District of New York

SOURCE Bernstein Litowitz Berger & Grossmann LLP and Labaton Sucharow LLP

Related Links

http://www.virtussecuritieslitigation.com