NEW YORK, April 18, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against PJT Partners, Inc. ("PJT Partners" or "the Company") (NYSE: PJT). The class action has been filed in the United States District Court, Southern District of New York, on behalf of a class consisting of all persons or entities who purchased PJT Partners securities during the period between November 12, 2015 and March 28, 2016 inclusive (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
PJT provides various strategic advisory, restructuring and special situations, and fund placement and secondary advisory services to corporations, financial sponsors, institutional investors, and governments worldwide.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) PJT's agreement and fraud-prevention regulators were insufficient; (2) as a result of PJT's insufficient controls, Andrew W.W. Caspersen, managing partner at Park Hill Group, committed a criminal scheme to deceive shareholders of more than $95 million; and (3) as a result of the foregoing, PJT's public statements were materially false and misleading at all relevant times.
On March 28, 2016, Caspersen was arrested and accused with securities and wire fraud for conning investors of over $95 million since July 2015. Similarly, the SEC also charged Caspersen with defrauding two organizations to invest in a shell company that he controlled. Following this news, PJT stock dropped $2.81, or 10.62%, and closed at $23.66 on March 28, 2016.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, visit the firm's website: http://www.bgandg.com/#!pjt/kwx9u. To discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in PJT Partners you have until June 14, 2016 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
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