Law360 (March 31, 2020, 2:53 PM EDT) — A Delaware vice chancellor on Tuesday approved a $22 million settlement, including $5 million in fees awarded to three firms, to end an investor suit over the $1.4 billion sale of high-frequency trading company KCG Holdings Inc. to Virtu Financial Inc. in 2017.

During a settlement hearing held via telephone, Vice Chancellor Kathaleen S. McCormick ruled that the settlement was fair and reasonable and is a significant recovery for former KGC shareholders. The vice chancellor certified the settlement class, which includes those that held KGC stock from Nov. 14, 2016, through July 20, 2017.

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