Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Fenix Parts, Inc. (Nasdaq: FENX) concerning possible breaches of fiduciary duty. In September 2016, the Company received a subpoena from the Chicago Regional Office of the Securities and Exchange Commission related to an investigation of the Company’s recent change of auditors, its previously announced business combinations and a goodwill impairment charge, effectiveness of internal controls over financial reporting, and internal valuation methodology.
Shareholders interested in seeking to recover damages on behalf of FENX and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold FENX shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Michael J. Hynes at (484) 875-3116 or by sending an e-mail to mhynes@hkh-lawfirm.com.