Safirstein Metcalf LLP Announces That A Class Action Lawsuit Has Been Filed Against Fenix Parts, Inc. - FENX

NEW YORK, Feb. 06, 2017 -- Safirstein Metcalf LLP announces that a class action lawsuit has been filed on behalf of purchasers of Fenix Parts, Inc. securities (“Fenix”) (NASDAQ:FENX) from May 14, 2015 through October 12, 2016, both dates inclusive (the “Class Period”).

If you purchased Fenix securities during the class period, and would like more information about getting involved in the Fenix Shareholder Class Action, please contact Sheila Feerick at 1-800-221-0015, or email [email protected]

If you wish to serve as lead plaintiff, you must move the Court no later than March 13, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Fenix Parts, Inc. Shareholder Class Action
TICKER:  FENX
Common Stock CUSIP: 31446L100
Class Period: May 14, 2015 – October 12, 2016
Lead Plaintiff Date: March 13, 2017

According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Fenix had an inadequate inventory valuation methodology; (2) Fenix had an inadequate methodology to calculate goodwill impairment; (3) Fenix was engaging and/or had engaged in conduct that would result in an SEC investigation; and (4) as a result, Defendants’ statements about Fenix’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

About Safirstein Metcalf LLP

Safirstein Metcalf LLP focuses its practice on shareholder rights. The law firm also practices in the areas of antitrust and consumer protection. All of the Firm’s legal endeavors are rooted in its core mission: provide investor and consumer protection.

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Safirstein Metcalf LLP
Peter Safirstein, Esq.
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1-800-221-0015