Harwood Feffer LLP Announces Investigation of Fenix Parts, Inc.

Donnerstag, 12.01.2017 23:25 von PR Newswire

PR Newswire

NEW YORK, Jan. 12, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Fenix Parts, Inc. ("Fenix Parts" or the "Company") (NASDAQ: FENX) concerning whether the board has breached its fiduciary duties to shareholders.

On October 13, 2016, the Company disclosed that it had received a subpoena from the Securities and Exchange Commission related to an investigation of the Company's recent change of auditors, its previously announced business combinations and a goodwill impairment charge, effectiveness of internal controls over financial reporting, and internal valuation methodology.  On that news, Fenix Parts stock price declined significantly and has not recovered.

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Fenix Parts shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: bsachsmichaels@hfesq.com 
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.


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SOURCE Harwood Feffer LLP