Sarasota County Bar Association
Manatee Chamber of Comerce

Virtus Funds

Virtus Investment Partners is a mutual fund company, located in Hartford Connecticut. In August 2015, a lawsuit began against Virtus Investment Partners.

The lawsuit was against officers of the mutual fund company. They based the promotion of their signature product on an outstanding performance record. The problem is, that great performance never happened.

They marketed their investment strategy on a deceptive track record that was seriously overinflated. Virtus blamed the performance records on a third party, who provided indexes to them.

The complaint also alleges that 2 officers of the company sold off their sizeable holdings in Virtus after the deception came to light. And, in 2013, Virtus offered a secondary stock issue, which brought in $167 million to the firm.

In April 2016, Virtus asked to have an investor class action dismissed. They maintained that the losses incurred by the funds weren’t necessarily the result of the erroneous track record reporting. The court denied the request for dismissal. Contact Our stock market recovery expert.

Client Reviews
"My experience with Brad has been incredible. He has represented me on several issues over the last two years. He is always available to meet or talk about your case. He seems to really care about his client and doing all he can to get the best out come possible. Also his staff is client orientated and very helpful. Brad is more then my attorney, he is my friend. Brad is not your typical lawyer, he really cares about his client not billing hours." David Cusano
"Brad has been by my side for over 3 years now representing my company. I can always count on him to have my companies best interest at heart." Kory Souza
"Brad Gucciardo was everything you could want in a very difficult situation - he delivered!" Wayne