Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, alerts investors with losses over $50,000 of the January 19, 2016 lead plaintiff deadline in the securities fraud class action lawsuit filed against Party City Holdco, Inc. (NYSE:PRTY).
If you purchased Party City securities traceable to the Registration Statement and Prospectus issued in connection with the Company’s April 16, 2015 initial public offering, contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling (510) 725-3000, emailing [email protected] or visiting http://www.hbsslaw.com/cases/PRTY. The lawsuit was filed in the U.S. District Court for the Southern District of New York and investors have until January 19, 2016 to move the court to act as lead plaintiff.
In April 2015, when Party City executed its IPO it failed to disclose several business risks the Company was facing and thereby injured investors. Party City concealed from investors that the Company was experiencing soft consumer traffic, extreme disruptions related to remerchandising, and a sales anomaly created by an uptick in sales due to the popularity of merchandise related to Disney’s Frozen movie.
According to the complaint, after the true details of these risks came to light over the last several months, first during an August 13, 2015 conference call that referenced the Disney Frozen licensed product and the anticipated disruptions from store remerchandising. Next, on November 12, 2015 a Company press release explained how the Disney Frozen product-line created a year-over-year anomaly in the Company’s business. These revelations caused the value of Party City shares to decline significantly.
If you lost more than $50,000 in your investments securities traceable to the Registration Statement and Prospectus issued in connection with the Company’s April 16, 2015, IPO 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.
Whistleblowers: Persons with non-public information regarding Party City should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at (510) 725-3000 or email [email protected].
Hagens Berman is headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter at http://www.hbsslaw.com/hagens-berman-investor-fraud-center/securitites-newsletter, and visit the blog at www.meaningfuldisclosure.com.


SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 



