NEW YORK, Feb. 25, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF VIRTUS INVESTMENT PARTNERS INC. (Nasdaq:VRTS) ("Virtus") BETWEEN MAY 28, 2013 AND DECEMBER 22, 2014.
YOU ARE HEREBY NOTIFIED that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York. If you purchased or otherwise acquired Virtus common stock between May 28, 2013 and December 22, 2014, YOUR RIGHTS MAY BE AFFECTED BY THIS ACTION.
To get more information, click here: http://zlk.9nl.com/virtus-investment-partners-vrts. There is no cost or obligation to you.
Virtus marketed and offered funds with an "AlphaSector" strategy through a relationship with investment advisor firm F-Squared Investments, Inc. 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.
If you suffered a loss in Virtus 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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/virtus-investment-partners-vrts.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
