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IN RE PARTY CITY SECURITIES LITIGATION

No. CIV.A. 99-1353(AJL).

147 F.Supp.2d 282 (2001)

In re: PARTY CITY SECURITIES LITIGATION

United States District Court, D. New Jersey.

May 29, 2001.

Attorney(s) appearing for the Case

Robert J. Berg, Bernstein Liebhard & Lifshitz LLP, Fort Lee, NJ, Joseph H. Weiss, James E. Tullman, Weiss & Yourman, New York, NY, for Plaintiffs.

Jeffrey Greenbaum, Sills Cummis Radin Tischman Epstein & Gross, P.A., Newark, NJ, for Defendant Party City Corp.

Stephen Greiner, Willkie Farr & Gallagher, New York City, for Defendant Party City Corp.

Jennifer L. Colyer, Fried Frank Harris Shriver & Jacobson, New York City, for Defendant David Lauber.

Bruce I. Goldstein, Saber, Schlesinger, Satz & Goldstein, Newark, NJ, for Defendant Steven Mandell.

Wayne A. Cross, Dewey Ballantine LLP, New York City for Defendant Steven Mandell.

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. §...

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