NEW YORK, May 12, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of DXP Enterprises, Inc. ("DXP" or the "Company") (NASDAQ: DXPE). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether DXP and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 11, 2017, DXP announced that the Company would be unable to timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2017. According to the Company, the delay is due to the resignation of DXP's director of tax at the end of 2016, as well as the resignation of DXP's manager of public reporting in March of 2017.
On this news, DXP's share price fell $1.00, or 2.81%, to close at $34.49 on May 11, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP