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Marketwired - Class Action

Marketwired - Class Action

Last Build Date: Fri, 13 Jan 2017 14:42:34 EST

Copyright: Copyright: (C) Marketwired

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Fenix Parts, Inc.

Fri, 13 Jan 2017 14:04:31 EST

OKLAHOMA CITY, OK--(Marketwired - Jan 13, 2017) - On January 12, 2017, a class action lawsuit was filed in the United States District Court for the District of New Jersey against Fenix Parts, Inc. (NASDAQ: FENX). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is May 14, 2015 through October 12, 2016.