Hagens Berman

San Francisco – September 10, 2026 -- DNOW Inc. (NYSE: DNOW) shares plunged 19% in a single session after the company disclosed that persistent ERP failures at newly acquired MRC Global Inc. had crushed revenues, triggering a securities class action lawsuit filed by Hagens Berman.

The suit centers on proxy materials tied to DNOW's merger with MRC Global, alleging management misrepresented the readiness of MRC's enterprise resource planning system ahead of a shareholder vote.

Shareholders who held stock as of August 5, 2025 form the proposed class

The defined investor class covers DNOW common stockholders as of the August 5, 2025 record date, who were entitled to vote at the company's September 9, 2025 special meeting approving the MRC Global merger. The lead plaintiff deadline is set for October 2, 2026.

San Francisco – September 10, 2026 -- Hagens Berman has filed a securities fraud class action against HDFC Bank Limited (NYSE: HDB), alleging the lender concealed roughly Rs 45 crore (about $4.7 million) in disguised payments to a state-owned firm to secure large deposits.

Lawsuit targets CEO and CFO over alleged deposit-inducement scheme

The complaint names Chief Executive Officer Sashidhar Jagdishan and Chief Financial Officer Srinivasan Vaidyanathan, claiming HDFC routed funds through its marketing department, disguised as sponsorship for a road safety campaign, to the Maharashtra State Road Development Corporation (MSRDC). The scheme allegedly delivered MSRDC a 6.01% interest rate on deposits, a 2.51% markup over standard retail savings rates, in violation of Reserve Bank of India Master Directions and HDFC's own anti-bribery policies.