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

DNOW class action over MRC merger

Analysis based on 7 articles · First reported Aug 06, 2026 · Last updated Aug 09, 2026

Sentiment
-30
Attention
2
Articles
7
Market Impact
General
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Market Impact

The class action lawsuit could lead to financial damages for NOW Inc. and may negatively affect its stock price and investor confidence. The allegations regarding the merger with MRC Global may also cast uncertainty on the integration and future performance of the combined entity.

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Event Summary

Bronstein, Gewirtz & Grossman, LLC announced that a class action lawsuit has been filed against NOW Inc. and certain of its officers. The suit alleges violations of Section 14(a) of the Exchange Act related to DNOW's merger with MRC Global Inc. Specifically, the complaint claims that DNOW negligently understated challenges arising from material issues with MRC Global's new enterprise resource planning system, which DNOW knew or should have known about. As a result, statements about DNOW's business and prospects were allegedly false and misleading. The class includes shareholders 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. Investors have until October 2, 2026, to seek lead plaintiff appointment.

Key Actions
100 Bronstein, Gewirtz & Grossman, LLC filed class action NOW Inc.
Entities Involved
stock
NOW Inc.
NOW Inc. is the primary defendant in the securities class action, facing potential financial liability and reputational damage. The lawsuit alleges misleading statements related to its merger with MRC Global, which could impact its stock price and investor trust.
Importance 100.0 Sentiment -40.0
stock
MRC Global
MRC Global is the merger partner whose ERP system issues were allegedly understated by DNOW. The lawsuit may affect MRC Global's reputation and its integration with DNOW, though it is not a defendant.
Importance 70.0 Sentiment -20.0
priv
Bronstein, Gewirtz & Grossman, LLC
The law firm filed the class action and is representing investors on a contingency basis. The case enhances its profile in securities litigation and could yield fees if successful.
Importance 60.0 Sentiment 10.0
per
Peretz Bronstein
Peretz Bronstein is the founding partner of the law firm and is involved in the case as a contact person. His role is primarily administrative and promotional.
Importance 20.0 Sentiment 5.0
per
Nathan Miller
Nathan Miller is the client relations manager at the law firm, serving as a contact for investors. His role is minor and not directly impactful to the event.
Importance 10.0 Sentiment 0.0
Relationships
Bronstein, Gewirtz & Grossman, LLC related ↔ Peretz Bronstein
Bronstein, Gewirtz & Grossman, LLC related ↔ Nathan Miller
Peretz Bronstein principal ↔ Nathan Miller Peretz Bronstein is the founding partner of Bronstein, Gewirtz & Grossman, LLC, and acts as a principal for Nathan Mille
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