Hagens Berman urges DNOW investors to submit losses by Oct. 2, 2026 deadline in class action

  • Hagens Berman is encouraging DNOW investors to submit losses by the October 2, 2026 lead plaintiff deadline.
  • The lawsuit alleges misrepresentations in proxy materials about MRC Global's ERP system challenges in the DNOW merger.
  • DNOW stock dropped 19% after the February 2026 disclosure of persistent ERP problems.

Hagens Berman has encouraged DNOW Inc. investors who suffered substantial losses from the acquisition of MRC Global Inc. to submit their claims in a securities class action lawsuit alleging violations of federal securities laws through misrepresentations and omissions in the merger proxy materials. The complaint claims the company understated challenges with the new enterprise resource planning system, including material issues affecting integration. Management allegedly reassured investors on the Q3 2025 earnings call, the day before closing the merger, that the ERP system was state-of-the-art and promised improved inventory management, order processing efficiency and supply chain optimization while calling past software glitches an isolated one-time event. After the February 20, 2026 earnings release, DNOW disclosed persistent ERP challenges, resulting in sharply declined MRC revenues, operational slowdowns, required capital expenditures, a delayed 2026 financial guidance and a 19% single-session stock drop. The lead plaintiff deadline is October 2, 2026. Eligible shareholders who held DNOW common stock as of the August 5, 2025 record date and were entitled to vote at the September 9, 2025 special meeting on the merger are urged to contact the firm. Hagens Berman, which has secured more than $2.9 billion in successful cases, also notes that whistleblowers may be eligible for up to 30% of any SEC recovery under the whistleblower program.

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