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DNOW Inc. Faces Class Action Lawsuit Over MRC Global Merger Disclosures

DNOW Inc. Faces Class Action Lawsuit Over MRC Global Merger Disclosures

Investors who held DNOW Inc. common stock ahead of the company's September 2025 merger with MRC Global Inc. face an October 2, 2026 deadline to petition for lead plaintiff status in a newly filed securities fraud class action lawsuit centered on alleged misleading statements regarding the acquisition.

The complaint, filed by Pomerantz LLP, centers on the company’s integration with MRC Global. Plaintiffs allege that DNOW leadership failed to disclose critical material issues involving MRC’s enterprise resource planning system. According to the suit, these oversights led to an inaccurate portrayal of the merger's challenges, rendering the company’s statements regarding business operations and future prospects misleading to shareholders.

The litigation specifically targets those who held common stock as of the August 5, 2025, record date, entitling them to vote at the September 9, 2025, special meeting. Investors seeking to participate in the action or review the complaint are directed to contact Danielle Peyton at Pomerantz LLP. The firm, which maintains a long-standing history in securities litigation, asserts that the defendants lacked a reasonable basis for their public claims throughout the relevant period.

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