LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces it is investigating claims against Party City Holdco Inc. (“Party City” or the “Company”) (NYSE: PRTY) concerning possible violations of federal securities laws. The investigation is related to allegations that certain statements issued by Party City were false and misleading concerning the Company’s financial performance.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at firstname.lastname@example.org.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The investigation concerns whether the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, the investigation will focus on whether the Company failed to disclose certain risks in the Registration Statement and Prospectus, including the impact on Party City due to: (1) soft consumer traffic trends; (2) the extraordinary performance of the Disney Frozen franchise from the prior year; and (3) the store reset initiative. When the truth was revealed, shares dropped causing investors harm.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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