NEW YORK, March 28, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at PJT Partners, Inc. ("PJT Partners" or the "Company") (NYSE: PJT).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose potentially criminal activities by the Company's managing director.
Specifically, on March 28, 2016, news outlets revealed that PJT Partners' managing director, Andrew Caspersen, was arrested and charged with defrauding investors of more than $95 million. The reports allege that Mr. Caspersen diverted money from investors' accounts into phony private equity investments in which he lost millions through aggressive options trading with his own account. In response to this development, PJT Partners said in a statement that it has started an internal investigation for federal prosecutors.
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If you invested in PJT Partners stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/ PJT. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding PJT Partners' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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