The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of New York
on behalf of purchasers of PJT Partners Inc. (NYSE: PJT) (“PJT” or the
“Company”) securities during the period between November 12, 2015 and
March 28, 2016, inclusive (the “Class Period”). Investors with losses in
excess of $100,000 who wish to become proactively involved in the
litigation have until June 14, 2016 to seek appointment as lead
plaintiff.
If you wish to choose counsel to represent you and the Class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the Class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company’s securities
during the Class Period. Members of the Class will be represented by the
lead plaintiff and counsel chosen by the lead plaintiff. No class has
yet been certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants’ failure to disclose
during the Class Period that Andrew W.W. Caspersen (“Caspersen”), a
managing partner at Park Hill Group (part of PJT), perpetrated a
criminal scheme to defraud investors of more than $95 million.
According to the complaint, following the March 28, 2016 arrest of
Caspersen and his being charged with securities fraud and wire fraud for
scheming to defraud investors of more than $95 million since at least as
early as July 2015, the value of PJT shares declined significantly.
If you have suffered a loss from investment in PJT securities purchased
on or after November 12, 2015 and held through the revelation of
negative information during and/or at the end of the Class Period and
would like to learn more about this lawsuit and your ability to
participate as a lead plaintiff, without cost or obligation to you,
please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven either
by email at [email protected]
or by telephone at (410) 415-6616. Brower Piven also encourages
anyone with information regarding the Company’s conduct during the
period in question to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160426006758/en/
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
[email protected]