On or around 02/02/2018 (Court's order of dismissal)
Filing Date: May 03, 2017
According to the law firm press release, in April 2015, PCM acquired the assets of En Pointe Technologies Sales, Inc. 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.
Company & Securities Information
Defendant: PCM, Inc.
Industry: Retail (Specialty)
Headquarters: United States
Ticker Symbol: PCMI
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.