Party City Holdco Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Party City Holdco Inc |
Stock Symbol : | NYSE: PRTY |
Class Period Start: | 04/16/2015 |
Class Period End: | 11/18/2015 |
Lead Plaintiff motion: | 01/19/2016 |
Date Filed: | 11/18/2015 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the January 19, 2016 lead plaintiff deadline in a class action lawsuit filed against Party City Holdco Inc (NYSE: PRTY) (“Party City” or “the Company”). The suit is pending in the U. S. District Court for the Southern District of New York and investors, who purchased Party City securities in connection with the Company's April 16, 2015, initial public offering, have until January 19, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Party City securities in connection with the Company's April 16, 2015, initial public offering, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges the defendants made false and misleading statements and/or allegedly failed to disclose particular risks in the Registration Statement and Prospects, including weak consumer traffic trends, the outstanding performance of the competing Disney Frozen franchise, and the store reset initiative. On April 16, 2015, Party City Holdco Inc had an Initial Public Offering of 21.875 million shares of common stock at $17 per share. On November 12, 2015, Party City Holdco Inc stated a loss of $44.5 million in its third quarter. Party City Holdco Inc CEO expressed that the retail results were "weaker than expected." Following this news, Party City Holdco Inc shares fell nearly 23% from the company's IPO price on November 13, 2015. If you were negatively impacted by your investment in Party City Holdco Inc securities in connection with the Company's April 16, 2015, initial public offering and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185
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