The litigation alleges that DNOW defendants failed to disclose critical issues related to MRC Global’s enterprise resource planning system during the merger process. According to the complaint, these omissions rendered public statements regarding the company's business operations and financial outlook materially false or misleading. When these underlying details emerged, shareholders reportedly suffered financial losses.
DNOW Investors Face October Deadline in Securities Class Action
Investors who held DNOW Inc. common stock as of the August 5, 2025, record date have until October 2, 2026, to file as lead plaintiffs in a pending securities class action. The lawsuit, initiated by The Rosen Law Firm, centers on allegations of misleading statements regarding the company's merger with MRC Global Inc.
Those seeking to participate in the class action or serve as lead plaintiff must move the court by the October 2 deadline. While the Rosen Law Firm is soliciting participants under a contingency fee arrangement, no class has been certified yet. Investors retain the right to select their own counsel or remain absent members of the class, as serving as a lead plaintiff is not a prerequisite for sharing in a potential future recovery.
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