Rigrodsky & Long, P.A. Announces Investigation Of iParty Corp. Buyout
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
- Do you own shares of iParty Corp. (NYSE MKT: IPT )?
- Did you purchase any of your shares prior to March 4, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of iParty Corp. (“iParty” or the “Company”) (NYSE MKT: IPT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Party City Holdings Inc. (“Party City”) in a transaction valued at approximately $35 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/iparty-corp-ipt.
Under the terms of the proposal, public shareholders of iParty will receive $0.45 per share in cash for each share of iParty they own.
The investigation concerns whether iParty’s board of directors failed to adequately shop the Company and obtain the best possible value for iParty’s shareholders before entering into an agreement with Party City.
If you own the common stock of iParty and purchased your shares before March 4, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/iparty-corp-ipt.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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