Schall, Brown & Schwartz LLP, a firm specializing in shareholder rights, filed the complaint alleging violations of the Securities Exchange Act of 1934. According to the court documents, DNOW failed to disclose the depth of operational friction following the MRC Global merger, leaving shareholders to bear the brunt of the stock's subsequent decline once the true state of the integration surfaced.

Those interested in serving as lead plaintiff have until October 2, 2026, to file. While the firm invites affected parties to contact partners Brian Schall or David Schwartz for a legal consultation, participation in the suit does not require a lead plaintiff role. The class has not yet been certified, meaning investors who do not take action currently remain absent members of the potential class.