Snapshot from Aug 10, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Regulatory / DNOW securities class action over merger
Regulatory securities class action

DNOW securities class action over merger

Analysis based on 7 articles · First reported Aug 06, 2026 · Last updated Aug 10, 2026

Sentiment
-30
Attention
2
Articles
7
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The class action lawsuit could lead to financial liability for DNOW and may negatively affect its stock price and investor confidence. The allegations regarding the merger with MRC Global may also impact the perceived value of the merger and the companies' reputations.

Oil and gas equipment Legal services
Event Summary

Rosen Law Firm has filed a securities class action lawsuit against NOW Inc. on behalf of investors who held DNOW common stock as of the August 5, 2025 record date and were entitled to vote at the September 9, 2025 special meeting. The lawsuit alleges that DNOW made false and misleading statements and failed to disclose material issues affecting MRC Global's new enterprise resources planning system, which they knew or should have known about, in connection with DNOW's merger with MRC Global. As a result, DNOW's statements about its business, operations, and prospects were allegedly materially false and misleading. Investors suffered damages when the true details entered the market. The deadline to move for lead plaintiff is October 2, 2026.

Key Actions
100 Rosen Law Firm announced investigation NOW Inc.
90 Rosen Law Firm alleged false statements NOW Inc.
Entities Involved
stock
NOW Inc.
DNOW is the defendant in the securities class action, facing allegations of misleading investors about merger challenges. The lawsuit could result in financial damages and reputational harm.
Importance 100.0 Sentiment -40.0
stock
MRC Global
MRC Global is mentioned as having material issues with its ERP system that were allegedly understated by DNOW. The merger with DNOW is central to the lawsuit, potentially affecting MRC Global's reputation and merger prospects.
Importance 70.0 Sentiment -30.0
priv
Rosen Law Firm
Rosen Law Firm filed the class action lawsuit, representing investors. The firm stands to gain from a successful settlement or judgment.
Importance 60.0 Sentiment 20.0
per
Lawrence Rosen
Lawrence Rosen is a partner at Rosen Law Firm and is listed as a contact for the lawsuit. His involvement is part of the firm's representation.
Importance 20.0 Sentiment 10.0
per
Philip Kim
Philip Kim is an attorney at Rosen Law Firm and is listed as a contact for the lawsuit. His role is to assist investors in joining the class action.
Importance 20.0 Sentiment 10.0
Relationships
Rosen Law Firm related ↔ Lawrence Rosen
Rosen Law Firm related ↔ Philip Kim
Lawrence Rosen managing partner ↔ Philip Kim Lawrence Rosen is the founder and managing partner of Rosen Law Firm, where Philip Kim is a partner, and they actively c
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