On or around 10/13/2017 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: April 15, 2016
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, operational 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.
Company & Securities Information
Defendant: PJT Partners Inc.
Industry: Business Services
Headquarters: United States
Ticker Symbol: PJT
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
Gregory G. Barrett, et al. v. PJT Partners Inc., et al.