Goldman Sachs CEO David Solomon’s 2025 Pay Soars to $47 Million After Strong Deal-Making Year 
CN Energy Group Inc. Stock Slides After Nasdaq Delisting Notice Over Bid Price Rule 
JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
NTSB Opens Investigation Into Waymo Robotaxis After School Bus Safety Violations in Texas 
Elon Musk Shares Bold Vision for AI, Robots, and Space at Davos 
Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
Ericsson Plans SEK 25 Billion Shareholder Returns as Margins Improve Despite Flat Network Market 
Microsoft Restores Microsoft 365 Services After Widespread Outage 
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification 
Apple Stock Jumps as Company Prepares Major Siri AI Chatbot Upgrade 
BitGo IPO Prices Above Range, Raises $212.8M in Landmark Crypto Market Debut 
Walmart to Cut PhonePe Stake in IPO as Tiger Global and Microsoft Exit 
Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model 
Nintendo Stock Jumps as Switch 2 Becomes Best-Selling Console in the U.S. in 2025 
Exxon Mobil’s XTO Energy Explores Sale of Eagle Ford Shale Assets in South Texas 
NEW YORK, May 08, 2017 -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of PCM Inc. (NASDAQ:PCMI) who purchased shares between June 17, 2015 and May 2, 2017. The action, which was filed in the United States District Court for the Central District of California, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that (1) En Pointe Technologies, Inc.'s financial statements that PCM filed with the SEC materially overstated the profitability of the business; and (2) consequently, 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 financial statements. On May 2, 2017, an article published on Seeking Alpha exposed that PCM has filed a lawsuit counterclaim alleging that En Pointe's net income was overstated and that "Had PCM known the truth about En Pointe's finances, it would not have entered into the purchase agreement" for En Pointe.
Shareholders have until July 3, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sa/pcm-inc?wire=3.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Joseph Klein, Esq. Empire State Building 350 Fifth Avenue 59th Floor New York, NY 10118 Telephone: (212) 616-4899 Fax: (347) 558-9665 www.kleinstocklaw.com
