PJT Partners Inc. ("PJT") is a global advisory- and capital raising-focused investment bank headquartered in the United States.

According to the law firm press release, the Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) PJT’s compliance and fraud-prevention controls were inadequate; (ii) as a consequence of the Company’s inadequate controls, Defendant, a managing partner at Park Hill Group, perpetrated a criminal scheme to defraud investors of more than $95 million; and (iii) as a result of the foregoing, PJT’s public statements were materially false and misleading at all relevant times.

On August 3, 2016, the Court issued an Order appointing Lead Plaintiff and approving Lead Counsel. Lead Plaintiff filed an Amended Complaint on September 23.

On September 8, 2017, the Court granted the Defendants' motion to dismiss without prejudice. Plaintiffs did not file an amended Complaint, thus Judgment in favor of Defendants was entered on October 11. On October 13, Lead Plaintiff filed a Notice of Voluntary Dismissal.