NEW YORK, NY / ACCESSWIRE / June 10, 2016 / Bronstein, Gewirtz & Grossman, LLC, reminds investors of class action against PJT
Partners, Inc. ("PJT Partners" or "the Company") (NYSE: PJT). The class action has been filed in the United States District Court,
Southern District of New York, on behalf of a class consisting of all persons or entities who purchased PJT Partners securities
during the period between November 12, 2015 and March 28, 2016 inclusive (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the
Securities Exchange Act of 1934 (the "Exchange Act").
PJT provides various strategic advisory, restructuring and special situations, and fund placement and secondary advisory
services to corporations, financial sponsors, institutional investors, and governments worldwide.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the
Company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or
failed to disclose that: (1) PJT's agreement and fraud-prevention regulators were insufficient; (2) as a result of PJT's
insufficient controls, Andrew W.W. Caspersen, managing partner at Park Hill Group, committed a criminal scheme to deceive
shareholders of more than $95 million; and (3) as a result of the foregoing, PJT's public statements were materially false and
misleading at all relevant times.
On March 28, 2016, Caspersen was arrested and accused with securities and wire fraud for conning investors of over $95 million
since July 2015. Similarly, the SEC also charged Caspersen with defrauding two organizations to invest in a shell company that he
controlled. Following this news, PJT stock dropped $2.81, or 10.62%, and closed at $23.66 on March 28, 2016.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, visit the
firm's website: http://www.bgandg.com/#!pjt/kwx9u. To discuss this action, or have any questions, please contact Peretz Bronstein,
Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email
info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered
a loss in PJT Partners you have until June 14, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share
in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action
security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
