Launches an Investigation into Possible Breaches of Fiduciary Duty by Knight Capital Group, Inc.
Aug 6 2012 The Law Firm of Levi & Korsinsky, LLP is investigating potential claims on behalf of purchasers of Knight Capital Group, Inc. (“Knight” or the “Company”) (NYSE: KCG) securities concerning possible breaches of fiduciary duty.
The investigation stems from concerns that Knight lacked adequate internal controls to monitor its automated trading software. Consequently, on August 1, 2012, Knight experienced a technological glitch related to the installation of trading software. This glitch resulted in numerous erroneous orders in NYSE securities that went unstopped for over half an hour and cost the Company upwards of $440 million. Upon this news, shares of Knight stock fell 63% to a close of $2.59 on August 2, 2012.
If you own Knight stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/knight-capital-group-kcg .
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171