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).
賓夕法尼亞州費城--（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日期間購買Party City Holdco Inc.股票的股東調查索賠（紐約證券交易所代碼：PRTY）（場外交易代碼：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向美國證券交易委員會提交了截至2022年9月30日的第三季度的10-Q表格。從那時起，直到2023年6月9日，安永會計師事務所（“安永會計師事務所”）因對公司不在2022年第三季度10-Q中列入 “持續經營” 警告的決定存在分歧而辭去公司審計師的職務，我們認爲被告對公司的財務實力作出或導致了誤導性陳述和遺漏。具體而言，在2022年第三季度10-Q中，公司：（i）肯定地虛假陳述了其資本資源 “至少足以滿足我們未來12個月的流動性需求”；（ii）忽略了公司繼續作爲持續經營企業的能力存在重大疑問；（iii）省略了公司面臨重大的流動性挑戰；（iv）省略了公司現有的信貸額度不足以滿足其運營需求，而且它無法在正常業務過程中獲得額外貸款; 以及 (v)省略了其對財務報告的內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.
由於這些所謂的誤導性陳述和遺漏，公司的股價在整個集體訴訟期內被人爲地抬高。當通過一系列部分糾正披露真相時，公司的股價下跌，給股東造成了應予補償的損失。
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日期間購買了Party City的股票，並想進一步了解此事，我們鼓勵你訪問，通過 jgrabar@grabarlaw.com 聯繫約書亞·格拉巴爾，或致電 267-507-6085。
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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
聯繫人：
Joshua H. Grabar，Esq.
格拉巴爾律師事務所
自由廣場一號
市場街 1650 號，3600 套房
賓夕法尼亞州費城 19103
電話：267-507-6085
電子郵件：jgrabar@grabarlaw.com
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