IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces an Investigation of Fenix Parts, Inc. and Advises Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 31, 2016 / Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Fenix Parts, Inc. (“Fenix Parts” or the “Company”) (NASDAQ: FENX) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at firstname.lastname@example.org.
The investigation focuses on whether the Company and certain of its officers and/or directors violated federal securities laws. On August 16, 2016, Fenix Parts filed a notification of late filing of its Form 10-Q for the second quarter of 2016 with the U.S. Securities and Exchange Commission (“SEC”). The Company said the delay was due to a change in auditors. On October 13, 2016, Fenix Parts filed a Form 8-K with the SEC, stating that since it failed to timely file its Form 10-Q for the second quarter of 2016, NASDAQ issued it a notice of delisting. The Company also announced that it received a subpoena from the SEC requiring production of documents relating to its recent change of auditors, its previously announced business combinations and related goodwill impairment charge, effectiveness of internal controls over financial reporting, and internal valuation methodology. When this news was announced, shares of Fenix Parts declined in value.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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SOURCE: Lundin Law PC