FENIX PARTS ALERT: National Securities Law Firm Announces Investigation of Potential Securities Claims, and Encourages Investors With Losses to Contact Law Firm for More Information

NEW YORK, Sept. 16, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential securities claims on behalf of investors of Fenix Parts, Inc. (NASDAQ: FENX) ("Fenix" or the "Company") resulting from allegations that Fenix may have issued materially misleading business information to the investing public.

On August 18, 2015, the Company announced that it would be unable to timely file its quarterly report for the period ended June 30, 2015, and disclosed that, "because of the extensive process necessary to compile this information for SEC reporting, we are delaying our filing until September 2."  On September 2, 2015, the company failed to file its quarterly report, announced second quarter 2015 pro forma revenues of $27 million, and further disclosed that it expected to report a loss for the quarter.  On September 10, 2015, the company was the subject of an analyst report by TheStreetsweeper.org that criticized the company's allegedly misleading financial statements, as well as the company's lack of adequate internal controls over accounting.

Following this news, shares of Fenix fell $1.12 or 11.68%, to close at $8.47 on September 10, 2015. 

If you purchased shares of Fenix and have suffered a loss from your investment in Fenix common stock and would like to learn more about this investigation, including your ability to potentially recover your losses, please contact us either by email at [email protected] or by telephone at (800) 511-7037 or visit our website at www.tripplevy.com/participate-in-an-action. 

Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP.  The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America."

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Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]  
www.tripplevy.com  

SOURCE Tripp Levy PLLC

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