Recent Security Class Actions

Virtu Financial Inc. Class A Common Stock (NASDAQ: VIRT)

Company Name:Virtu Financial Inc. Class A Common Stock
Stock Symbol:NASDAQ: VIRT
Class Period Start:11/07/2018
Class Period End (inclusive):09/12/2023
Filing Deadline:07/18/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose 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.