NEW YORK, March 28, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PJT Partners, Inc. ("PJT Partners" or the "Company") (NYSE: PJT). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether PJT Partners and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 28, 2016, a former managing director at PJT Partners, Andrew Caspersen, was arrested and charged with securities fraud and wire fraud for scheming to defraud investors of more than $95 million. In a parallel action, the U.S. Securities and Exchange Commission also charged Mr. Caspersen with defrauding two institutions to invest in a shell company that he controlled.
On this news, PJT Partners stock fell $2.81, or 10.62%, to close at $23.66 on March 28, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Beverly Hills, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
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SOURCE Pomerantz LLP