NEW YORK, Oct. 20, 2016 /PRNewswire/ -- Rosen Law Firm, a
global investor rights law firm, announces it is investigating
potential securities claims on behalf of shareholders of Fenix
Parts, Inc. (NASDAQ: FENX) resulting from allegations that Fenix
Parts may have issued materially misleading business information to
the investing public.
On August 16, 2016, during
aftermarket hours, Fenix Parts filed a notification of late filing
of its Form 10-Q for the second quarter of 2016 with the SEC and
blamed the delay on its recent change in auditors. On this news,
shares of Fenix Parts fell $0.25 per
share or 5% from its previous closing price to close at
$4.48 per share on August 17, 2016.
On October 13, 2016, Fenix Parts
filed a Form 8-K with the SEC, stating that because of its failure
to timely file its Form 10-Q for the second quarter of 2016, NASDAQ
has issued it a notice of delisting. Fenix Parts also provided an
update on the delay of the filing of its Form 10-Q for the second
quarter of 2016, revealing that it has received a subpoena from the
SEC requiring production of documents related to Fenix Parts'
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. On this news, shares of Fenix Parts fell
sharply during intraday trading on October
13, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover
losses suffered by Fenix Parts investors. If you purchased shares
of Fenix Parts on or before October 13,
2016, please visit the firm's website at
http://www.rosenlegal.com/cases-968.html for more information. You
may also contact Phillip Kim or
Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via email at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Follow us for updates on LinkedIn:
https://www.linkedin.com/company/the-rosen-law-firm or on Twitter:
https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a
similar outcome.
Contact Information:
Laurence
Rosen, Esq.
Phillip Kim,
Esq.
Kevin Chan,
Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th
Floor
New York,
NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.