Hagens Berman Targets DNOW Over Alleged Merger Misrepresentations

The litigation centers on the assertion that DNOW executives characterized MRC Global's Enterprise Resource Planning system as a state-of-the-art asset just one day before the merger closed in September 2025. While management dismissed previous software glitches as isolated events, the company later revealed that persistent architecture flaws had severely disrupted operations, hindered customer service, and forced a delay in financial guidance.

Following these disclosures in February 2026, DNOW shares plummeted 19% in a single trading session. Partner Reed Kathrein, who is leading the investigation for Hagens Berman, is currently examining whether the proxy materials were intentionally structured to secure shareholder approval despite known integration risks. Investors who held common stock as of the August 5, 2025, record date have until October 2, 2026, to apply for lead plaintiff status in the case.