NEW ORLEANS, LA- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 3, 2017 to file lead plaintiff applications in a securities class action lawsuit against PCM, Inc. (NASDAQ: PCMI), if they purchased the Company’s securities between June 17, 2015 and May 2, 2017, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.
What You May Do
If you purchased securities of PCM and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 3, 2017.
About the Lawsuit
PCM and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On June 17, 2015, PCM publicly filed the financial statements of En Pointe, a company it had recently acquired. Then, on May 2, 2017, Seeking Alpha reported that in the course of litigation with En Pointe’s prior owner, the Company had stated that “[a]udited financials provided by En Pointe, and filed with the SEC, materially overstated the profitability of the business”; thus, PCM’s public statements were materially false and misleading at all relevant times.
On this news, the price of PCM’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
Source: Kahn Swick & Foti, LLC