Shareholder Suits Target DNOW Over Merger ERP Problems

Overview

• On Aug. 23–24, 2026, plaintiff firms including Rosen and the DJS Law Group filed securities complaints and notified DNOW shareholders of the litigation.
• The complaints allege DNOW minimized the scope of problems with MRC Global's new enterprise resource planning (ERP) system and that those undisclosed failures rendered public statements about the merger and business prospects false or misleading.
• The suits invoke federal securities statutes — Section 10(b), SEC Rule 10b-5 and Section 20(a) — claiming investor losses followed market disclosures about the ERP problems.
• Shareholders of record on Aug. 5, 2025 who were eligible to vote at the Sept. 9, 2025 special meeting are the putative class and potential lead plaintiffs must move the court by Oct. 2, 2026; no class has been certified to date.
• Multiple plaintiff firms are actively soliciting eligible investors to join the case or seek lead-plaintiff status, and any recovery will depend on proving false statements, defendant intent or recklessness, and a direct link between disclosures and investor losses.