LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Fenix Parts, Inc. ("Fenix" or the "Company") (Nasdaq: FENX). Investors, who purchased or otherwise acquired shares between May 15, 2015 and October 12, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the March 13, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at firstname.lastname@example.org.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the Complaint, during the Class Period, Fenix made false and/or misleading statements and/or failed to disclose: that its inventory valuation tools were insufficient; that its tools to measure goodwill impairment were insufficient; that it had engaged in activity that would cause an SEC investigation; and that as a result of the above, Fenix’s statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
When this information was revealed to the public, the value of Fenix stock dropped, causing investors serious harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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