Fenix Parts, Inc.
Class Period: May 14, 2015 to Oct 12, 2016
Lead Plaintiff Deadline: Mar 13, 2017
Summary of Case:
A securities class action has been filed against Fenix Parts, Inc. (NASDAQ:FENX) on behalf of purchasers of Fenix Parts, Inc. securities (NASDAQ:FENX) from May 14, 2015 through October 12, 2016. This case has been filed in the USDC - New Jersey.
The complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Fenix had an inadequate inventory valuation methodology; (2) Fenix had an inadequate methodology to calculate goodwill impairment; (3) Fenix was engaging and/or had engaged in conduct that would result in an SEC investigation; and (4) as a result, Defendants' statements about Fenix's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.