Flynn v. Bank of America, et. al. (S.D.N.Y.)

On June 13, 2014, Lovell Stewart Halebian Jacobson LLP filed a complaint on behalf of James J. Flynn and Dominic A. Morelli and of all investors similarly situated. In the complaint the Plaintiffs allege violations of the federal securities laws by certain brokerage firms and high frequency trading firms. The class action was commenced in the United States District Court for the Southern District of New York on behalf of public investors who purchased and/or sold shares of stock or stock options in the United States on a registered public exchange or a United States-based alternate trading system between April 18, 2009 to the present (the “Class Period”). The complaint alleges that these violations occurred in large part due to the existence and use of predatory order types that are largely unknown to the investing public but which give their users unfair advantages in the marketplace, especially when combined with the high frequency trading technology and algorithms available to certain market participants. For more information, please visit the firm’s website at: www.lshllp.com or contact Fred Isquith by email at fisquith@lshllp.com.