NEW YORK, May 23, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against PCM Inc. (“PCM” or the “Company”) (NASDAQ:PCMI) and certain of its officers, on behalf of shareholders who purchased PCM securities between June 17, 2015 through May 2, 2017, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/pcmi.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and failed to disclose that: (1) En Pointe’s financial statements that PCM filed with the SEC materially overstated the profitability of the business; and (2) consequently, PCM’s public statements were materially false and misleading at all relevant times.
In April 2015, PCM acquired En Pointe Technologies, Inc. and publicly filed En Pointe’s supposed financial statements. On May 2, 2017, an article published on Seeking Alpha exposed that PCM has alleged that En Pointe’s net income was overstated due to several accounting shenanigans. Following this news, PCM stock dropped $2.05 per share or roughly 8% to close at $22.30 on May 2, 2017.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/pcmi or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in PCM you have until July 3, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.