NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired PCM, Inc. (NASDAQ: PCMI) securities between June 17, 2015 and May 2, 2017 (the “Class Period”). Investors have until July 3, 2017, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and failed to disclose that En Pointe’s 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 Pointe’s purported 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 irregularities. 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 Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the PCM lawsuit, please go to www.bespc.com/pcmi. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.