NEW YORK, March 2, 2015 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of Virtus Investment Partners, Inc. ("Virtus Investment" or the "Company") (Nasdaq: VRTS ), during the period between May 28, 2013 and December 22, 2014 inclusive. (the "Class Period").
According to the Complaint, the defendant are alleged to have violated certain provisions of the Securities Exchange Act of 1934. The Complaint alleges that Virtus Investment marketed and offered funds with an "AlphaSector" strategy through a relationship with investment advisor firm F-Squared Investments, Inc. Also the complaint alleges that defendants concealed from the investing public that past results of the AlphaSector funds were grossly overstated and inflated, and that as a result, the Company's stock traded at artificially inflated prices during the class period.
On December 22, 2014, the SEC announced it had formally charged F-Squared and its President for fraud and other violations of the Investment Advisors Act of 1940, and that it had reached a settlement with F-Squared regarding those charges.
Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of Virtus Investment during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Virtus Investment you have until April 21, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Eitan Kimelman 212-697-6484
