KLX Inc

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: KLX Inc
Stock Symbol : NASDAQ: KLXI
Class Period Start: 03/09/2015
Class Period End: 11/11/2015
Lead Plaintiff motion: 03/07/2016
Date Filed: 01/06/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of Florida
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the March 7, 2016 lead plaintiff deadline in a class action lawsuit filed against KLX Inc (NASDAQ: KLXI) (“KLX” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of Florida and investors, who purchased KLX Inc securities between March 9, 2015 and November 11, 2015, have until March 7, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased KLX Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that KLX and certain insiders violated the Securities and Exchange Act of 1934 by misrepresenting the value of the Company's identifiable intangible assets and goodwill associated with KLX's Energy Services Group, as well as its policies and methodology related to the calculation of risk, goodwill, and asset impairment.

On November 12, 2015, KLX revealed that it expects to recognize an impairment charge of approximately $435 million connected to Energy Services Group.

Following this news, KLX Inc shares declined causing investors harm.

If you were negatively impacted by your investment in KLX Inc securities between March 9, 2015 and November 11, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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Thieler Law Corp

2534 State Street - Suite 406,

San Diego, CA 92101

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email: mail@thielerlaw.com

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telephone at +1 (619) 377 - 4324

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visit our website http://www.thielerlaw.com/

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Facsimile: +1 (619) 785 – 3185

 

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