An investigation for investors in NYSE:PRTY shares was announcer over potential breaches of fiduciary duties by certain Party City Holdco directors.
Investors who are current long term investors in Party City Holdco Inc (NYSE:PRTY) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm for investors in NYSE:PRTY stocks follows a lawsuit filed against Party City Holdco Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:PRTY stocks, concerns whether certain Party City Holdco directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the defendants violated Federal Securities Laws in connection with Party CityHoldco Inc’s April 16, 2015 IPO. More specifically, the plaintiff claims that Defendants allegedly failed to disclose certain risks in the Registration Statement and Prospectus, including the impact on Party City due to soft consumer traffic trends, due to the extraordinary performance of the Disney Frozen franchise from the prior year, and due to the store reset initiative.
On November 12, 2015, Party City Holdco Inc reported a loss of $44.5 million in its third quarter. Party City Chief Executive Officer James M. Harrison described Party City Holdco’s retail results as “weaker than expected.” Shares of Party City Holdco Inc (NYSE:PRTY) declined on November 13, 2015 to as low as $11.20 per share.
On December 19, 2015, NYSE:PRTY shares closed at $16.05 per share.
Those who purchased NYSE:PRTY shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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