Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Virtu Financial, Inc. ("Virtu") (NASDAQ: VIRT) Class A common stock between November 7, 2018 and September 12, 2023, inclusive (the “Class Period”).
Virtu is a financial services firm that operates proprietary trading and client-facing businesses in the financial marketplace.
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) essentially all Virtu employees had access to its execution services customers’ confidential trading information; and (2) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On October 22, 2025, Lead Plaintiff filed a Motion for Class Certification. The Motion is currently being briefed by the parties. This action is in the discovery phase and is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.