Press release
Deadline coming up on Oct. 2nd in Lawsuit for certain Investors in Party City Holdco Inc. (OTC: PRTYQ, formerly NYSE: PRTY)
A Deadline is coming up on October 2, 2023 in the lawsuit for certain investors in Party City Holdco Inc.
Investors who purchased shares of Party City Holdco Inc. (OTC: PRTYQ, formerly NYSE: PRTY) have certain options and there are strict and short deadlines running. Deadline: October 2, 2023 . Party City Holdco Inc. (OTC: PRTYQ, formerly NYSE: PRTY) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges on behalf of purchasers of Party City Holdco Inc. (OTC: PRTYQ, formerly NYSE: PRTY) common shares between November 8, 2022 and June 9, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 8, 2022 and June 9, 2023, the defendants made false statements and/or concealed that the Company affirmatively misrepresented that its capital resources "will be adequate to meet our liquidity needs for at least the next 12 months", that omitted that there was substantial doubt about the Company's ability to continue as a going concern, that downplayed the nature and extent of the Company's then-existing liquidity problems, that omitted that the Company's existing credit facilities were insufficient to satisfy its operational needs and that it was unable to obtain additional loans in the normal course of business, and that omitted that there was a material weakness in its internal control over financial reporting.
Those who purchased shares of Party City Holdco Inc. (OTC: PRTYQ, formerly NYSE: PRTY) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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