Case Page

 

Case Status:    DISMISSED    
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 INFORMATION:

Sector: Services
Industry: Retail (Specialty)
Headquarters: United States

SECURITIES INFORMATION:

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.
COURT: S.D. New York
DOCKET #: 15-CV-09080
JUDGE: Hon. Lewis A. Kaplan
DATE FILED: 11/18/2015
CLASS PERIOD START: 04/16/2015
CLASS PERIOD END: 11/18/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Goldberg Law PC
    13650 Marina Pointe Dr. Suite 1404 , Goldberg Law PC , CA 90292
    1-800-977-7401 ·
  2. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 15-CV-09080
JUDGE: Hon. Lewis A. Kaplan
DATE FILED: 04/26/2016
CLASS PERIOD START: 04/16/2015
CLASS PERIOD END: 11/18/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kessler Topaz Meltzer & Check LLP (Pennsylvania)
    280 King of Prussia Road, Kessler Topaz Meltzer & Check LLP (Pennsylvania), PA 19087
    610.667.7706 610.667.7706 · info@ktmc.com
No Document Title Filing Date