The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of PCM Inc. Shareholders & a Lead Plaintiff Deadline o...
June 05 2017 - 2:16PM
Business Wire
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=2.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170605006038/en/
The Klein Law FirmJoseph Klein, Esq., 212-616-4899Fax:
347-558-9665www.kleinstocklaw.com
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