Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against Investment Technology Group, Inc. and Lead Plaintiff Deadline of October 5, 2015

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Sep 25, 2015, 10:00 ET

NEW YORK, Sept. 25, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Central District of California on behalf of those who purchased shares of Investment Technology Group, Inc. ("Investment Technology Group" or the "Company") (NYSE:ITG), during the period between February 11, 2011 and July 29, 2015 inclusive. (the "Class Period").

The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose material information regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges that Investment Technology Group misled investors by failing to adequately disclose that (i) Investment Technology Group's AlterNet Securities, Inc. subsidiary operated a proprietary trading operation in 2010 through mid-2011 inside of Investment Technology Group's POSIT dark pool, a private stock trading platform, against some of its broker clients; (ii) the proprietary trading operation used information from customer stock orders within Investment Technology Group's dark pool, as well as information from Investment Technology Group clients that used the firm's algorithms to execute trades on other trading platforms, which should not have been available.

On July 29, 2015, after the market closed, the Company said it set aside $20.3 million for a probable settlement with the U.S. Securities and Exchange Commission over rule violations related to its private stock trading venue.

Following this news, shares of Investment Technology Group fell $5.65 or 23.54% during intraday trading to trade at $18.35 on July 30, 2015.

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Investment Technology Group you have until October 5, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]

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