On or around 02/01/2017 (Date of order of final judgment)
Filing Date: November 18, 2015
According to the law firm press release, the Complaint alleges that Defendants 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 true details entered the market, the lawsuit claims that investors suffered damages.
A consolidated and amended complaint was filed on April 26, 2016.
On February 1, 2017, the Court issued an Order granting Defendants' Motion to Dismiss. This case was closed.
Company & Securities Information
Defendant: Party City Holdco, Inc.
Industry: Retail (Specialty)
Headquarters: United States
Ticker Symbol: PRTY
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Roy Jones, et al. v. Party City Holdco, Inc., et al.