Hagens Berman investigates claims tied to DNOW-MRC Global merger proxy
Hagens Berman says its review centers on claims that merger proxy materials omitted or misrepresented ERP integration problems at MRC Global.
Hagens Berman says it is investigating a securities class action tied to DNOW Inc.'s acquisition of MRC Global Inc., with a lead plaintiff deadline of Oct. 2, 2026.
Hagens Berman said Aug. 14 that it is reviewing claims in a securities class action involving DNOW Inc. and its acquisition of MRC Global Inc. The firm said the case centers on whether merger proxy materials left out or misstated problems tied to enterprise software integration at MRC Global.
The allegations focus on disclosures shareholders relied on when voting on the deal. In the release, the firm said the proxy materials misrepresented and omitted challenges linked to material issues affecting MRC Global's new ERP system, or enterprise resource planning software used to manage business operations.
According to the PR Newswire release, the lawsuit concerns possible violations of federal securities laws. The release identified DNOW as NYSE: DNOW and said the action involves the company's acquisition of MRC Global.
The release also said investors with substantial losses should contact the firm or submit their losses for review. It stated that the deadline to seek appointment as lead plaintiff is Oct. 2, 2026, as listed in the release title.
Hagens Berman partner Reed Kathrein 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. The release did not include a response from DNOW or MRC Global.
The release described Hagens Berman as a national shareholder rights law firm and said it has secured more than $2.9 billion in this area of law. The allegations remain untested in the release itself.
What happens next will depend on the pending case and investor participation ahead of the Oct. 2 deadline named in the release.
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Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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