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Class Action Against Party City Announced by Kantrowitz, Goldhamer & Graifman.


NEW YORK--(BUSINESS WIRE)--March 24, 1999--

The Following is an Announcement by the law firm of Kantrowitz,

Goldhamer & Graifman:

Notice is hereby given that a lawsuit has been filed by the law firm of Kantrowitz, Goldhamer & Graifman, of Montvale, New Jersey Montvale is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 7,034.

Montvale was incorporated as a borough on August 31, 1894, from portions of both Orvil Township and Washington Township, at the height
 and two other firms on behalf of a Plaintiff and a proposed class of former shareholders of Party City Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: PCTY) and its Chief Executive Officer for the class period July 23, 1998 through March 19, 1999 ("Class Period"), in the U.S. District Court of New Jersey where Party City Corporation maintains its U.S. headquarters.

The complaint alleges that Party City and its CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated prom·ul·gate  
tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates
1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce.

2.
 thereunder, by making false and misleading statements concerning the company's financial condition and outstanding loan obligations. As a result of these alleged violations, the price of common shares of Party City was artificially inflated during the Class Period.

Plaintiff seeks to recover damages on his own behalf and on behalf of the Class and is represented by the law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 of Kantrowitz, Goldhamer & Graifman, Weiss & Yourman and Stull stull  
n.
1. A supporting timber or other prop in a mine.

2. A platform braced against the sides of a working area in a mine.
 Stull & Brody. Each of these firms have significant experience successfully prosecuting complex securities fraud class actions on behalf of defrauded investors.

If you were a holder of Party City shares during the Class Period, you may, not later than sixty (60) days from March 22, 1999, move the court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact: Gary S. Graifman at Kantrowitz, Goldhamer & Graifman toll-free at 800/660-7843 or via internet e-mail at KGLAW1@aol.com or by writing, Kantrowitz, Goldhamer & Graifman, 111 Chestnut Ridge Chestnut Ridge may refer to:
  • Chestnut Ridge, New York, United States
  • Chestnut Ridge people, Melungeon community residing just northeast of Philippi, West Virginia, USA
  • the western-most ridge of Pennsylvania’s Allegheny Mountains
 Road, Montvale, New Jersey 07645; or by contacting Joseph Weiss, Esq. at Weiss & Yourman by calling toll free at 888/593-4771 or via internet e-mail at WYNYC@aol.com; or by contacting Jules Brody at Stull Stull & Brody by calling toll-free 800/337-4983, or via internet e-mail at SSBNY@aol.com
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 24, 1999
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