Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of iParty Corp. (“iParty”) (NYSE MKT: IPT) to Party City Holdings, Inc. for shareholders. Under the terms of the proposed transaction valued at approximately $35 million, iParty shareholders will receive $.45 in cash for each share of stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you.
The iParty sale investigation centers on whether iParty’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues iParty’s stock, and whether iParty’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Patrick Powers stated that “due to the size of the deal and other factors, we believe this transaction may undervalue iParty’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.