Party City Holdco Inc. Class Action Lawsuit - PRTYQ

The filed complaint alleges that Party City Holdco Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company 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) downplayed the nature and extent of the Company’s then-existing liquidity problems; (iv) 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 (v) omitted that there was a material weakness in its internal control over financial reporting.

In order to be eligible to join the PRTYQ class action lawsuit, you must have incurred a loss on shares of Party City purchased during the class period listed above.

If you suffered a loss in Party City during the relevant time frame or pursuant to the relevant offering(s), you have until October 2, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.