The complaint filed in federal court accuses DNOW Inc. of violating the Securities Exchange Act of 1934, specifically through false statements regarding the company’s operational stability. According to the lawsuit, executives obscured the depth of challenges arising from the MRC Global Inc. merger, misleading shareholders ahead of a critical special meeting held on September 9, 2025.
DJS Law Group, led by founding partner David Schwartz, is currently seeking lead plaintiffs for the action. Shareholders who suffered financial losses due to the alleged omissions have until October 2, 2026, to move for lead plaintiff status. Participation in the litigation does not require a specific appointment, though the firm emphasizes that the claims represent a significant recovery opportunity for affected investors.
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