Party City Holdco Inc. (PRTY) (PRTYQ) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK, NY / ACCESSWIRE / August 3, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Party City Holdco Inc. ("Party City" or "the Company") (NYSE:PRTY)(OTC PINK:PRTYQ). Investors who purchased Party City securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/prty.

The investigation concerns whether Party City has violated federal securities laws.

Investigation Details:

After trading on January 17, 2023, Party City filed for bankruptcy protection under Chapter 11. Following this news, Party City's stock price declined by 67% over a two-day span from a closing price of $0.374 on January 17, 2023, to $0.121 on January 19, 2023, a decline of $0.253. Then, on June 9, 2023, Ernst & Young LLP resigned as the Company's auditor due to a disagreement about Party City's decision not to include a "going concern" warning in its quarterly filing on Form 10-Q for the third quarter 2022. Following this news, Party City's stock price declined by 22% over the next three trading days from a closing price of $0.046 on June 9, 2023 to $0.036 on June 14, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchased Party City securities, you can assist this investigation by visiting the firm's site: www.bgandg.com/prty.You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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