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INTL FCStone receives class action claim

A financial advisory services company recently received a securities class action lawsuit on behalf of shareholders after allegations of securities violations surfaced.

Law firm Ryan and Maniskas, LLP, filed the litigation in the U.S. District Court for the Southern District of New York for all shareholders of INTL FCStone, Inc., who purchased stock during the class period between Feb. 17, 2010, and Dec. 16, 2013.

The lawsuit was filed due to the company allegedly making a series of statements that were either false or misleading during the class period related to its business ventures and prospects. This includes the failure to tell shareholders that there were integration problems with some of the company's purchases, while it also said that its revenues through trading exceeded $10 million, for a total gain of $6.4 million. Another issue that was listed included the firm not having the right financial controls.

Any shareholders who are looking to learn more information about this pending litigation can speak with the law firm for more information. It is best to speak with Richard Maniskas, and he can be reached by telephone or email. There is also information available on the firm's website.

It is possible for shareholders to become lead plaintiff in this case, if interested. In order to do this, the stockholder needs to apply for the position and submit the proper documentation by March 14, 2014. It is not necessary to be lead plaintiff in order to earn funds in the event of a payout.

Second law firm announces lawsuit
Another class action claim was brought forth to the same court for many of the aforementioned reasons.

Law firm Pomerantz, LLP, noted shareholders made allegations in a lawsuit that INTL FCStone violated the Securities Exchange Act of 1934, specifically Sections 10(b), 20(a) and Rule 10b-5.

Any shareholders who are interested in learning more about the litigation, or have questions and concerns about this decision, should contact the law firm to learn more. Robert Willoughby is available to field questions and can be contacted by phone or email. It is also possible to visit the firm's website to gain more information related to the official complaint. Those shareholders who plan to contact the firm via email should not only list their mailing address and telephone number, but also the total number of shares they acquired from INTL FCStone.

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