DJS Law Group says investors should note DNOW securities class action
A PR Newswire release from DJS Law Group says investors are being reminded about a class action lawsuit against DNOW Inc. The complaint alleges securities law violations tied to merger and software disclosures.
A DJS Law Group press release says investors are being reminded about a class action lawsuit against DNOW Inc. over alleged securities law violations tied to statements about its merger with MRC Global Inc. and enterprise resource planning software.
What the release says
According to the Aug. 21, 2026 PR Newswire item from Los Angeles, the firm says the suit concerns DNOW Inc., which it identifies as a NYSE-listed company trading under the ticker DNOW. The release says the complaint alleges violations of Section 10(b), Section 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 under the U.S. Securities and Exchange Commission.
The release says shareholders who purchased DNOW shares during the listed class period are encouraged to contact the firm about possible lead plaintiff appointments. It also says lead plaintiff status is not required to take part in any recovery.
Background in the complaint
The press release says the class-period marker refers to shareholders as of Aug. 5, 2025 who were eligible to vote in the Sept. 9, 2025 special meeting. It says the complaint alleges DNOW made false and misleading statements to the market, downplayed challenges tied to its merger with MRC Global Inc., and minimized problems involving enterprise resource planning software.
Enterprise resource planning software, or ERP, is used to manage core business functions such as finance, supply chain and operations. The release does not say how the software issue affected the company, and it does not include a response from DNOW.
What happens next
The press release says investors who bought DNOW shares during the class period may contact the firm regarding lead plaintiff options. Beyond that, the source text does not describe the court schedule, any hearing dates or any company statement.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
Comments ()