SBS reminds investors of DNOW class action lawsuit

Schall, Brown & Schwartz LLP said Thursday that investors should review a class action lawsuit against DNOW Inc. over allegations that the company made false or misleading statements about its merger with MRC Global Inc. and problems implementing a new enterprise resource planning system.

The firm said the complaint alleges violations of Section 10(b), Section 20(a) and SEC Rule 10b-5. It said the lawsuit concerns shareholders as of Aug. 5, 2025, who were eligible to vote in a Sept. 9, 2025 special meeting.

According to the PR Newswire release, the complaint says DNOW understated the challenges involved in the merger and ran into problems with the ERP implementation. The release also says the company’s public statements were false and materially misleading throughout the class period and that investors suffered damages when the truth emerged.

Schall, Brown & Schwartz described itself in the release as a national shareholder rights litigation firm. The notice said shareholders who purchased DNOW shares during the class period may contact the firm about possible lead plaintiff appointments, and that lead plaintiff status is not required to recover in any eventual settlement or judgment.

The release did not include a response from DNOW. It also said the firm provided contact information for Brian Schall and David Schwartz in Los Angeles.

What happens next is tied to the court case and any lead plaintiff process. The release did not say when a hearing or other court action may take place.

Sources

• PR Newswire release: “DNOW Investors Have Opportunity To Lead DNOW Inc. Securities Fraud Lawsuit With SBS Law”

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