SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of iParty Corp. in Connection with the Sale of the Company to Party City Holdings Inc.

Mon Mar 4, 2013 4:04pm EST

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NEW YORK--(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of iParty Corp.
("iParty" or the "Company") (NYSE: IPT) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of the Company to
Party City Holdings Inc. 

Click here to learn how to join the action:, or
call: 877-363-5972. There is no cost or obligation to you. 

Under the terms of the transaction, iParty shareholders will receive $0.45 for
each share of iParty common stock they own and the greater of liquidation
preference or conversion value for each share of iParty Preferred Stock. The
investigation concerns whether the iParty Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the Company
before entering into this transaction and whether Party City Holdings Inc. is
underpaying for iParty shares, thus unlawfully harming iParty stockholders. 

If you own common stock in iParty and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or 

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510

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