NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces that a class action complaint has been
filed on behalf of shareholders of PCM Inc. (NASDAQ: PCMI) who purchased
shares between June 17, 2015 and May
2, 2017. The action, which was filed in the United States
District Court for the Central District of California, alleges that the
Company violated federal securities laws.
In particular, the complaint alleges that (1) En Pointe Technologies,
Inc.'s financial statements that PCM filed with the SEC materially
overstated the profitability of the business; and (2) consequently,
PCM's public statements were materially false and misleading at all
relevant times. In April 2015, PCM acquired En Pointe Technologies, Inc.
and publicly filed En Pointe's financial statements. On May 2, 2017, an
article published on Seeking Alpha exposed that PCM has filed a lawsuit
counterclaim alleging that En Pointe's net income was overstated and
that "Had PCM known the truth about En Pointe's finances, it would not
have entered into the purchase agreement" for En Pointe.
Shareholders have until July 3, 2017 to petition the court for
lead plaintiff status. Your ability to share in any recovery does not
require that you serve as lead plaintiff. You may choose to be an absent
If you suffered a loss during the class period and wish to obtain
additional information, please contact Joseph Klein, Esq. by telephone
at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sa/pcm-inc?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also practiced as
a https://www.law.csuohio.edu/ Certified Public Accountant. Mr. Klein represents investors and
participates in securities litigations involving financial fraud
throughout the nation. Attorney advertising. Prior results do not
guarantee similar outcomes.