iParty Corp. Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Party City

Mon Mar 4, 2013 3:01pm EST

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DALLAS--(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie Briscoe
and the securities litigation firm of Powers Taylor, LLP are investigating the
sale of iParty Corp. ("iParty") (NYSE MKT: IPT) to Party City Holdings, Inc. for
shareholders. Under the terms of the proposed transaction valued at
approximately $35 million, iParty shareholders will receive $.45 in cash for
each share of stock owned. 

If you are an affected investor, and you want to learn more about the lawsuit or
join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
zach@powerstaylor.com. There is no cost or fee to you. 

The iParty sale investigation centers on whether iParty`s shareholders are
receiving adequate compensation for their shares in the buyout, whether the
transaction undervalues iParty`s stock, and whether iParty`s board attempted to
obtain the highest share price for all shareholders prior to agreeing to the
deal. Shareholder rights attorney Patrick Powers stated that "due to the size of
the deal and other factors, we believe this transaction may undervalue iParty`s
stock. Our proposed lawsuit will seek to obtain the highest share price for all
shareholders." 

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder
rights advocacy firm with more than 20 years of experience in complex litigation
and transactional matters. 

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com

Copyright Business Wire 2013

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