WAYNE, Pa., March 26, 2015 /PRNewswire/ -- Ryan & Maniskas, LLP that a class action lawsuit has been filed in United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of CTPartners Executive Search Inc. ("CTPartners" or the "Company") (NYSE MKT: CTP) between February 26, 2014 and January 28, 2015, inclusive (the "Class Period").

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CTPartners shareholders may, no later than April 28, 2015, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of CTPartners and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/ctp.

CTPartners provides retained executive search services worldwide. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and omitted materially adverse facts about the Company's business, operations and prospects. Specifically, the Complaint alleges that during the Class Period, defendants repeatedly highlighted the Company's reputation within the industries in which it operated based on the "integrity" of its employees and on the strength and qualifications of its search consultants. Further, the Company represented that these consultants were promoted based on "objective" and "transparent" criteria related to their merits, and that this purported meritocracy had been and would be a key to the Company's ongoing success. Defendants, however, failed to disclose that CTPartners allegedly operated as a "den of discrimination" that subjected employees to crude, improper and discriminatory practices, which threatened the Company's ability to raise capital, retain employees or successfully execute its core business functions.

On January 28, 2015, the Company withdrew its preliminary fourth quarter and year-end guidance provided only one week earlier and revised downward its earnings guidance for the first quarter and full fiscal year 2015. The Company disclosed that it expected to post a fourth quarter adjusted EPS loss of $0.07 to $0.09 per share, down from the prior announced adjusted EPS gain of $0.06 to $0.08 per share. The Company stated that the downward revision was due to a $1.7 million-increase in "compensation expense" for employee bonuses. In addition, CTPartners withdrew a proposed stock offering, this one announced only two days prior.

Following this news, the price of CTPartners stock dropped $2.17, more than 33% per share to close at $4.35 per share on January 29, 2015.

If you are a member of the class, you may, no later than April 28, 2015, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
484-588-5516
877-316-3218
www.rmclasslaw.com/cases/ctp
rmaniskas@rmclasslaw.com

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SOURCE Ryan & Maniskas, LLP