In Re Party City Securities Litigation
District Court, D. New Jersey
1Opinion of the Court
OPINION
LECHNER, District Judge.
This is an action for securities fraud brought on behalf of purchasers of Party City Corporation (“Party City”) common stock (“Party City Stock”), seeking damages for violations of Sections 10(b) (“Section 10(b)”) and 20(a) (“Section 20(a)”) of the Securities Exchange Act of 1934 (the “Exchange Act”), as amended, 15 U.S.C. §§ 78j(b) and 78t(a), and Rule 10b-5 (“Rule 10b — 5”) promulgated thereunder, 17 C.F.R. § 240.10b-5, from Party City, Steven Mandell (“Mandell”) and David Lauber (“Lauber”) (collectively, the “Defendants”). The asserted class period is from 26…
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