Lawsuit for Investors in PJT Partners Inc (NYSE:PJT) announced by Shareholders Foundation

SAN DIEGO, May 16, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in New York on behalf of certain purchasers of shares of PJT Partners Inc (NYSE:PJT) over alleged Securities Laws Violations by PJT Partners Inc.

Investors who purchased shares of PJT Partners Inc (NYSE:PJT) have certain options and for certain investors there are short and strict deadlines running. Deadline: June 14, 2016. NYSE:PJT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants made certain allegedly false and/or misleading statements and/or failed to disclose that PJT Partners’ compliance and fraud-prevention controls were inadequate, that as a consequence of the Company’s inadequate controls, Andrew W.W. Caspersen (“Caspersen”), a managing partner at Park Hill Group, perpetrated a criminal scheme to defraud investors of more than $95 million, and that as a result of the foregoing, PJT Partners’ public statements were materially false and misleading at all relevant times. 

On March 28, 2016, news reports revealed that PJT Partners Inc’s managing director, Andrew Caspersen, was arrested and charged with defrauding investors of more than $95 million. Mr. Caspersen allegedly stole the money via phony private equity investments and lost millions through aggressive options trading with his own account. After Mr. Caspersen’s arrest, PJT Partners Inc said in a statement that it was “stunned and outraged” and has since conducted an internal investigation for federal prosecutors. Shares of PJT Partners Inc (NYSE:PJT) declined to as low as $19.96 per share on March 28, 2016.
 
Those who purchased PJT Partners Inc (NYSE:PJT) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.