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NEW YORK, May 10, 2017 -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in United States District Court for the Central District of California on behalf of all persons or entities that purchased PCM Inc. ("PCM" or the "Company") (NASDAQ:PCMI) securities between June 17, 2016 and May 2, 2017, inclusive (the "Class Period").
Investors who have incurred losses in shares of PCM Inc. are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you suffered a loss in PCM Inc. shares and would like to assist with the litigation process as a lead plaintiff, you may, no later than July 3, 2017, request that the Court appoint you lead plaintiff of the proposed class.
The filed complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and failed to disclose that
- En Pointe's financial statements that PCM filed with the SEC materially overstated the profitability of the business; and
- PCM's public statements were materially false and misleading at all relevant times.
In April 2015, PCM acquired En Pointe Technologies, Inc. and publicly filed En Pointe's supposed financial statements. On May 2, 2017, an article published on Seeking Alpha exposed that PCM has alleged that En Pointe's net income was overstated due to several accounting manipulations.
Following this news, PCM stock dropped $2.05 per share or roughly 8% to close at $22.30 on May 2, 2017.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.
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Contact: Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq. Gregory Stone, Director of Case and Financial Analysis Email: [email protected], [email protected] or [email protected] Tel: (800) 575-0735 or (212) 545-4774
