IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Party City Holdco Inc. (“Party City” or the “Company”) (NYSE: PRTY). Investors who purchased or otherwise acquired shares traceable to Party City’s April 16, 2015, initial public offering, are encouraged to contact the Firm in advance of the January 19, 2016, lead plaintiff motion deadline.
If you purchased shares of Party City during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at firstname.lastname@example.org.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, 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.
If you purchased shares of Party City during the Class Period, you have until January 19, 2016 to ask the Court to appoint you as lead plaintiff. If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at email@example.com.
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