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| [March 04, 2013] |
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Rigrodsky & Long, P.A. Announces Investigation Of iParty Corp. Buyout
WILMINGTON, Del. --(Business Wire)--
Rigrodsky & Long, P.A.:
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Do you own shares of iParty Corp. (NYSE MKT: IPT)
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Did you purchase any of your shares prior to March 4, 2013
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Do you think the proposed buyout price is too low
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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 fiuciary 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 info@rigrodskylong.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.
Attorney advertising. Prior results do not guarantee a similar outcome.

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