SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

March 04, 2015 16:27 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Virtus Investment Partners, Inc. (VRTS) to Contact the Firm

NEW YORK, NY--(Marketwired - March 04, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Virtus Investment Partners, Inc. ("Virtus" or the "Company") (NASDAQ: VRTS) of the April 21, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Virtus and certain executives.

A complaint has been filed in the Southern District of New York on behalf of all persons who purchased or otherwise acquired Virtus publicly traded stock between May 28, 2013 and December 22, 2014, inclusive (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, Virtus partnered with an investment advisor firm, F-Squared Investments, Inc. ("F-Squared"), to make false and misleading statements about the past track record of performance of the Company's AlphaSector strategy compared with the S&P 500 Index.

On December 22, 2014, the Securities and Exchange Commission announced that it had charged F-Squared and its president for fraud and various violations of the Investment Advisors Act of 1940 and that a settlement had been reached in regards to those charges.

Following this news, the price of Virtus stock declined by $71.02 or over 29% from its Class Period intraday high of $240.72, to close at $169.70 on December 22, 2014.

Request more information now by clicking here: www.faruqilaw.com/VRTS. There is no cost or obligation to you.

Take Action

If you invested in Virtus stock or options between May 28, 2013 and December 22, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/VRTS. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding the Company's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330