January 18, 2019
Lead counsel in the now-settled class action dispute over allegations that Investment Technology Group Inc. concealed a trading desk that made profits from supposedly confidential trading data asked a New York federal court on Thursday for a $4.5 million cut of the $18 million settlement that brought the suit to a close.
August 09, 2018
Investment Technology Group Inc. has agreed to pay $18 million to resolve investors' allegations that for years it concealed a trading desk called Project Omega that made profits from supposedly confidential trading data, the latest in a series of payments related to the "dark pool."
April 27, 2017
A New York federal judge declined Wednesday to free Investment Technology Group Inc. from a proposed shareholder class action accusing it of hiding a proprietary trading platform that led to a record $20.3 million fine, ruling that some of the financial services firm's past statements about its business model and practices were more than puffery.
October 11, 2016
Investment Technology Group Inc. pressed its bid to escape a proposed shareholder suit accusing the financial services firm of hiding a proprietary trading platform that led to a record $20.3 million fine, telling a New York federal judge that a recent ruling against Vivendi SA supports the suit's dismissal.
June 22, 2016
Investment Technology Group Inc. asked a New York federal judge on Wednesday to toss investors' proposed class action claiming that the firm had lied about algorithmic trading within its dark pool in 2010, in a scheme that had led to a $20 million fine and an ensuing stock drop.
May 03, 2016
Investors claiming Investment Technology Group Inc. defrauded them by hiding a proprietary trading platform that led to a record $20.3 million regulatory sanction asked a New York federal judge Monday to keep their suit alive, claiming the company hid material information from them.
October 15, 2015
Motley Rice LLC and institutional investor Metzler will lead a proposed class action alleging dark pool operator Investment Technology Group defrauded shareholders by hiding a proprietary trading desk that led to a record $20.3 million regulatory sanction, a New York federal judge said Thursday.