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EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Against Virtus Investment Partners, Inc. Seeking to Recover Investor Losses

2015-02-27 11:45 ET - News Release


Company Website: http://www.rosenlegal.com/cases-523.html
NEW YORK -- (Business Wire)

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.

Contacts:

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
Tel: 212-686-1060
Toll Free: 1-866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Source: The Rosen Law Firm, P.A.

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