NYSE
PJT

PJT Partners Inc.

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against PJT Partners Inc. (NYSE: PJT)

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 info@rl-legal.com.

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.

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