Saxena White P.A. Files Securities Fraud Class Action Against Knight
Capital Group, Inc.
BOCA RATON, FL -- (Marketwire) -- 10/26/12 -- Saxena White P.A. has
filed a securities fraud class action lawsuit in the United States
District Court for the District of New Jersey against Knight Capital
Group, Inc. ("Knight" or the "Company") (NYSE: KCG) on behalf of
investors who purchased or otherwise acquired the common stock of the
Company during the period from January 19, 2012 through August 1,
2012 (the "Class Period"). The complaint brings forth claims for
violations of the Securities Exchange Act of 1934.
Knight is a global financial services firm that provides access to
the capital markets across multiple asset classes to a broad network
of clients, including buy- and sell-side firms and corporations.
The complaint alleges that, throughout the Class Period, the Company
and certain of its executive officers ("Defendants") made materially
false and misleading statements regarding the Company's business,
operational and accounting practices. Specifically, Defendants made
false and/or misleading statements and/or failed to disclose: (i)
that Knight lacked the deep liquidity it claimed to have and its
capital position was not what the Company purported it to be; (ii)
that Knight's trading technology and infrastructure were in fact not
sophisticated and were not appropriately checked or tested to ensure
they were working properly (as required by all high frequency
broker-dealers with access to the markets); (iii) that the Company
lacked adequate internal and financial controls; and (iv) that, as a
result of the above, Knight's financial statements were materially
false and misleading at all relevant times, and positive statements
about the Company's business prospects lacked a reasonable basis.
You may obtain a copy of the complaint and join the class action at
www.saxenawhite.com. If you purchased Knight common stock between
January 19, 2012 and August 1, 2012, inclusive, you may contact Joe
White or Marc Grobler at Saxena White P.A. to discuss your rights and
If you purchased Knight common stock during the Class Period of
January 19, 2012 through August 1, 2012, inclusive, and wish to apply
to be the lead plaintiff in this action, a motion on your beh
be filed with the Court no later than November 5, 2012. You may
contact Saxena White P.A. to discuss your rights regarding the
appointment of lead plaintiff and your interest in the class action.
Please note that you may also retain counsel of your choice and need
not take any action at this time to be a class member.
Saxena White P.A., located in Boca Raton, specializes in prosecuting
securities fraud and complex class actions on behalf of institutions
and individuals. Currently serving as lead counsel in numerous
securities fraud class actions nationwide, the firm has recovered
hundreds of millions of dollars on behalf of injured investors and is
active in major litigation pending in federal and state courts
throughout the United States.
Joseph E. White, III
Saxena White P.A.
2424 North Federal Highway, Suite 257
Boca Raton, FL 33431
Tel: (561) 394-3399
Fax: (561) 394-3382
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