NEW YORK, April 18, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of PJT Partners, Inc. ("PJT" or the "Company") (NYSE: PJT), concerning whether the board has breached its fiduciary duties to shareholders.
PJT provides fund placement and secondary advisory services through a business line called Park Hill Group. On March 28, 2016, a managing partner of Park Hill Group, Andrew W.W. Caspersen, was arrested on charges of securities and wire fraud for allegedly conning investors out of over $95 million since July 2015.
On April 8, 2016, the Company issued a statement stating that between 2014 and March of 2016, Mr. Caspersen "conducted a number of unauthorized and unlawful transactions."
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own PJT shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP