Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
WILMINGTON, Del., April 19, 2016 -- Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of PJT Partners Inc. (NYSE:PJT)?
- Did you purchase your shares between November 12, 2015 and March 28, 2016, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of PJT Partners Inc. (“PJT” or the “Company”) (NYSE:PJT) between November 12, 2015 and March 28, 2016, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).
If you purchased shares of PJT during the Class Period, or purchased shares prior to the Class Period and still hold PJT, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to [email protected]; or at: http://rigrodskylong.com/investigations/pjt-partners-inc-pjt.
The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.
According to the Complaint, on March 28, 2016, individual defendant Andrew W.W. Caspersen (“Caspersen”), a managing partner at the Company’s Park Hill Group, was arrested and 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. In a parallel action, the SEC also charged Caspersen with defrauding two institutions to invest in a shell company that he controlled.
On this news, shares of PJT dropped over 10%, closing at $23.66 per share on March 28, 2016, on heavy trading volume.
If you wish to serve as lead plaintiff, you must move the Court no later than June 14, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT: Rigrodsky & Long, P.A. Timothy J. MacFall, Esquire Peter Allocco (888) 969-4242 (516) 683-3516 Fax: (302) 654-7530 [email protected] http://www.rigrodskylong.com
