WELCOME TO THE VIRTUS INVESTMENT PARTNERS, INC. SECURITIES LITIGATION WEBSITE
The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Proposed Settlement and Plan of Allocation; (II) Settlement Hearing; and (III) Motion for an Award of Attorneys’ Fees and Payment of Litigation Expenses (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.
This case, In re Virtus Investment Partners, Inc. Securities Litigation, Civil Action No. 15-1249 (WHP), brought in the United States District Court for the Southern District of New York, arises out of allegations that Virtus Investment Partners, Inc. (“Virtus”), violated federal securities laws by making materially false and misleading statements regarding certain mutual funds issued by Virtus Opportunities Trust (“VOT”).
The Court-appointed Lead Plaintiff, Arkansas Teacher Retirement System, on behalf of itself and the other members of the Settlement Class (defined below), has reached a settlement with Defendants for $22,000,000 in cash that resolves all claims in the Action (the “Settlement”).
If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:
all persons or entities that, during the period between January 25, 2013 and May 11, 2015, inclusive, purchased or otherwise acquired shares of the publicly traded common stock of Virtus Investment Partners, Inc. and were damaged thereby. (see, paragraph 24 of the Notice.)
Please read the Notice to fully understand your rights and options.
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than October 10, 2018. Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.