Grabar Law Office Investigates Claims on Behalf of Shareholders of Party City Holdco Inc. (PRTY) (PRTYQ)
Grabar Law Office Investigates Claims on Behalf of Shareholders of Party City Holdco Inc. (PRTY) (PRTYQ)
Philadelphia, Pennsylvania--(Newsfile Corp. - July 27, 2023) - Grabar Law Office is investigating claims on behalf of shareholders who purchased Party City Holdco Inc. shares between November 8, 2022 and June 9, 2023 (NYSE: PRTY) (OTC: PRTYQ).
宾夕法尼亚州费城--（Newsfile Corp.，2023年7月27日）——Grabar Law Office正在代表在2022年11月8日至2023年6月9日期间购买Party City Holdco Inc.股票的股东调查索赔（纽约证券交易所代码：PRTY）（场外交易代码：PRTYQ）。
On November 8, 2022, Party City filed its Form 10-Q with the SEC for the third quarter ended September 30, 2022. From that point, through June 9, 2023, when Ernst & Young LLP ("E&Y") resigned as the Company's auditor due to a disagreement about the Company's decision not to include a "going concern" warning in the Q3 2022 10-Q, we believe that Defendants made or caused to be made misleading statements and omissions concerning the Company's financial strength. Specifically, in the Q3 2022 10-Q, the Company: (i) affirmatively misrepresented that its capital resources "will be adequate to meet our liquidity needs for at least the next 12 months"; (ii) omitted that there was substantial doubt about the Company's ability to continue as a going concern; (iii) omitted that the Company was experiencing significant liquidity challenges; (iv) omitted that the Company's existing credit facilities were insufficient to satisfy its operations and that it was unable to obtain additional loans in the normal course of business; and (v) omitted that there were material weaknesses in its internal controls over financial reporting.
2022年11月8日，Party City向美国证券交易委员会提交了截至2022年9月30日的第三季度的10-Q表格。从那时起，直到2023年6月9日，安永会计师事务所（“安永会计师事务所”）因对公司不在2022年第三季度10-Q中列入 “持续经营” 警告的决定存在分歧而辞去公司审计师的职务，我们认为被告对公司的财务实力作出或导致了误导性陈述和遗漏。具体而言，在2022年第三季度10-Q中，公司：（i）肯定地虚假陈述了其资本资源 “至少足以满足我们未来12个月的流动性需求”；（ii）忽略了公司继续作为持续经营企业的能力存在重大疑问；（iii）省略了公司面临重大的流动性挑战；（iv）省略了公司现有的信贷额度不足以满足其运营需求，而且它无法在正常业务过程中获得额外贷款; 以及 (v)省略了其对财务报告的内部控制存在重大缺陷。
As a result of these alleged misleading statements and omissions, the Company's stock price was artificially inflated throughout the Class Period. When the truth was revealed through a series of partial corrective disclosures, the Company's stock price declined, causing compensable damages to shareholders.
由于这些所谓的误导性陈述和遗漏，公司的股价在整个集体诉讼期内被人为地抬高。当通过一系列部分纠正披露真相时，公司的股价下跌，给股东造成了应予补偿的损失。
If you purchased Party City shares between November 8, 2022 and June 9, 2023, and would like to learn more about this matter, you are encouraged to visit , contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.
如果你在2022年11月8日至2023年6月9日期间购买了Party City的股票，并想进一步了解此事，我们鼓励你访问，通过 jgrabar@grabarlaw.com 联系约书亚·格拉巴尔，或致电 267-507-6085。
Attorney Advertising Disclaimer
律师广告免责声明
Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com
联系人：
Joshua H. Grabar，Esq.
格拉巴尔律师事务所
自由广场一号
市场街 1650 号，3600 套房
宾夕法尼亚州费城 19103
电话：267-507-6085
电子邮件：jgrabar@grabarlaw.com
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问