iParty (IPT) Merger Shareholder Lawsuit

iParty (IPT) announced it has entered into a definitive merger agreement whereby iParty agreed to be acquired by Party City Holdings Inc. (“Party City”) in a transaction valued at approximately $35 million.  Under the terms of the proposed iParty merger agreement, IPT shareholders will receive $0.45 per share in cash for each share of iParty they own.

Is $0.45 fair value for IPT shareholders?  

Have iParty’s board members complied with all duties owed to IPT shareholders?  

Has the iParty board of directors properly shopped the company to all possible suitors?

We are investigating whether the proposed transaction is fair to iParty shareholders.  The investigation concerns whether the iParty board of directors’ process for consideration of the proposed transaction was adequate, whether iParty is acting in its shareholders’ best interests and whether the proposed share price to be paid to IPT shareholders is fair and adequate. 
If you own the common stock of iParty and 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 fill out the contact form on this web page or call Attorney George Pressly at Morgan & Morgan toll free at 1 (800) 631-6234.