Hagens Berman says it filed DNOW investor suit over MRC Global merger disclosures

Hagens Berman says it filed a securities class action against DNOW Inc. over merger materials tied to its acquisition of MRC Global Inc., alleging the proxy documents omitted or misrepresented enterprise resource planning, or ERP, integration problems at MRC Global.

The firm said the case concerns whether DNOW’s merger disclosures downplayed issues with MRC Global’s new ERP system. In the notice, Hagens Berman said investors with substantial losses should contact the firm, and it cited an Oct. 2, 2026 deadline in the headline for those seeking to lead the case.

According to the release, the dispute centers on DNOW’s acquisition of MRC Global and alleged failures to disclose problems connected to MRC Global’s new ERP system. The notice says the proxy materials misrepresented and omitted those challenges.

Context

The notice does not provide a case number, court, filing date, defendants or any judicial findings.

Hagens Berman identifies itself in the release as a global plaintiffs’ rights complex litigation firm. The notice says the firm has secured more than $2.9 billion in this area of law.

What the firm said

Reed Kathrein, a Hagens Berman partner, said the firm is focused on whether the proxy materials downplayed ERP integration failures at MRC Global and allowed management to push the deal through, according to the release.

The notice frames the matter as a securities class action involving potential federal securities law violations. It is promotional litigation advertising rather than an adjudicated court filing.

What happens next

The release says investors who suffered substantial losses are being urged to submit information to the firm. Beyond that, the notice does not set out the court schedule or identify next procedural steps.

Sources

• PR Newswire / Hagens Berman notice

Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.