PCMI

Practice Area: 
Stock Symbol: 
PCMI
Case Status: 
Investigations

Ademi & O’Reilly, LLP is investigating the PCM, Inc. (NASDAQ: PCMI) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of PCMI to Insight.

Ademi & O’Reilly, LLP alleges PCMI financial outlook is improving and yet PCMI shareholders will receive only $35 per share.  Insight is acquiring PCMI at a substantial discount.  The merger agreement unreasonably limits competing bids for PCMI by prohibiting solicitation of further bids, and imposing a termination penalty if PCMI accepts a superior bid. PCMI insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of PCMI board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for PCMI.