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Investigation announced for Investors in Party City Holdco Inc. (NYSE: PRTY) over potential Wrongdoing

02-12-2020 04:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Party City Holdco Inc. (NYSE: PRTY) shares over potential wrongdoing.

An investigation on behalf of investors in Party City Holdco Inc. (NYSE: PRTY) shares over potential wrongdoing.

An investigation on behalf of investors in shares of Party City Holdco Inc. (NYSE: PRTY) was announced over potential breaches of fiduciary duties by certain officers and directors at Party City Holdco Inc.

Investors who purchased shares of Party City Holdco Inc. (NYSE: PRTY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Party City Holdco directors breached their fiduciary duties and caused damage to the company and its shareholders.

Elmsford, NY based Party City Holdco Inc., through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. Party City Holdco Inc. reported that its annual Total Revenue rose from over $2.37 billion in 2017 to over $2.42 billion in 2018 and that its Net Income declined from $215.34 million in 2017 to $122.85 million in 2018.

Shares of Party City Holdco Inc. (NYSE: PRTY) declined from $7.37 per share on October 28, 2019 to as low as $1.52 per share on November 21, 2019.

Those who purchased shares of Party City Holdco Inc. (NYSE: PRTY), have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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