The Rosen Law Firm, P.A., a global investor rights firm, announces that
a class action lawsuit has been filed on behalf of investors who
purchased the securities of Virtus Investment Partners, Inc.
(NASDAQ:VRTS) between May 28, 2013 and December 22, 2014. The lawsuit
seeks to recover investors’ losses under the federal securities laws.
To join the Virtus class action, visit the firm’s website at http://www.rosenlegal.com/cases-523.html,
or contact Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at
866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com for
information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, Virtus offered funds with an “AlphaSector”
strategy through a relationship with F-Squared Investments, Inc., an
investment advisory firm. The Company concealed from investors that past
results of AlphaSector funds were grossly overstated and inflated. On
December 22, 2014, the SEC announced that it had formally charged
F-Squared for fraud and other violations of the Investment Advisors Act
of 1940. As a result of this news, shares of Virtus dropped
significantly on heavy trading volume.
If you wish to serve as lead plaintiff, you must move the Court no later
than April 21, 2015. A lead plaintiff is a representative party acting
on behalf of other class members in directing the litigation. If you
wish to join the litigation go to http://www.rosenlegal.com/cases-523.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law
Firm toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Copyright Business Wire 2015