The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Virtu Financial, Inc. (NASDAQ: VIRT) who purchased securities between March 1, 2019 and April 28, 2023. The action, which was filed in the United States District Court for the Eastern District of New York, alleges that the Company violated federal securities laws.
In particular, the Virtu lawsuit alleges that (i) the Company maintained deficient policies and procedures with respect to its information access barriers; (ii) accordingly, 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; (iii) the foregoing deficiencies increased the likelihood that the Company would be subject to enhanced regulatory scrutiny; and (iv) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
Shareholders have until July 18, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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