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Case Status:    DISMISSED    
On or around 02/02/2018 (Court's order of dismissal)

Filing Date: May 03, 2017

PMC, Inc. is an American technology solutions provider to small and medium sized businesses, mid-market and enterprise customers, government and educational institutions and individual consumers.

According to the law firm press release, in April 2015, PCM acquired the assets of En Pointe Technologies Sales, Inc. ("En Pointe"). According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or 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) as a result, PCM’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On July 27, 2017, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on September 8. Defendants filed a Motion to Dismiss the amended Complaint on October 6. On January 3, 2018, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to file an amended Complaint. Plaintiffs did not file an amended Complaint, and the Court dismissed the case with prejudice on February 2, 2018.

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