NEW YORK, June 23, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PCM, Inc. ("PCM" or the "Company") (NASDAQ: PCMI). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether PCM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 16, 2015, PCM issued a press release announcing that the Company had entered into an agreement to acquire the assets of En Pointe Technologies Sales, Inc. ("En Pointe"). On May 2, 2017, SeekingAlpha published an article discussing a lawsuit between En Pointe's previous owner and PCM, reporting, in relevant part, that PCM had alleged in the lawsuit that En Pointe's financial statements had materially overstated the profitability of the business.
On this news, PCM's share price fell $2.05, or more than 8%, to close at $22.30 on May 2, 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