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PCM, Inc. (NASDAQ: PCMI)

Securities Class Action

Overview
  • Date:
  • 5/8/2017
  • Company Name:
  • PCM, Inc.
  • Stock Symbol:
  • PCMI
  • Class Period:
  • FROM 6/17/2015 TO 5/2/2017
  • Status:
  • Closed/Complete
  • Court:
  • U.S. District Court: Central California

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NEW YORK, May 8, 2017 - Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who acquired PCM, Inc. (NASDAQ: PCMI) securities between June 17, 2015 and May 2, 2017 (the Class Period).

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and failed to disclose that financial statements that PCM filed with the U.S. Securities & Exchange Commission materially overstated the profitability of the business. Consequently, PCM 's public statements were materially false and misleading throughout the Class Period. In April 2015, PCM acquired En Pointe Technologies, Inc. and publicly filed En Point's supposed financial statements. On May 2, 2017, an article published on Seeking Alpha revealed that PCM has alleged that En Pointe's net income was overstated due to several accounting shenanigans. Following this news, PCM shares fell $2.05, or over 8.4%, to close at $22.30 on May 2, 2017.

If you purchased or otherwise acquired PCM securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa A. Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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