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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Party City Holdco Inc (NYSE: PRTY) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Party City Holdco Inc (NYSE: PRTY) concerning whether a series of statements by Party City Holdco Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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.
Based in Elmsford, New York, and founded in 1947 Party City Holdco Inc distributes party goods in the United States and internationally.
If you purchased shares of Party City Holdco Inc (NYSE: PRTY) on or before November 12, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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