Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Virtu Financial, Inc. ("Virtu" or the “Company”) (NASDAQ: VIRT) common stock between November 7, 2018 and September 12, 2023, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that the Company maintained deficient policies and procedures with respect to its information access barriers, and that, as a result, Virtu had overstated the company’s operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company.
Current Status of Case:
On March 17, 2025, the Court granted in part and denied in part Defendants’ Motion to Dismiss. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.