DNOW class action claims merger proxy omissions, lead plaintiff deadline is Oct. 2, 2026

Shareholder litigation against DNOW Inc. has expanded with another law firm, DJS Law Group, reminding investors of a class action tied to the company's merger with MRC Global Inc. The latest notice, like a recent one from Schall, Brown & Schwartz LLP, describes the case under Sections 10(b) and 20(a) of the Securities Exchange Act and Rule 10b-5, while earlier publicity around the matter highlighted Section 14(a) proxy-disclosure claims. Across the complaints, investors who held DNOW common stock on the Aug. 5, 2025 record date for the Sept. 9, 2025 special meeting allege the company understated merger-related challenges linked to problems implementing MRC Global's enterprise resource planning software, making public statements materially false or misleading. Shareholders seeking to serve as lead plaintiff in the first-filed action must move the court by Oct. 2, 2026, though investors can still share in any recovery without taking that role and no class has yet been certified.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.