Law Firms Initiate Investigations into ADI Global Distribution Inc. Following Goodwill Impairment Disclosure

ADI Global Distribution disclosed a $659 million noncash goodwill impairment on November 12, 2026, and reported a $655 million net loss for the third quarter. The impairment was attributed to lower projected earnings and cash flows, along with declines in the company’s stock price and market capitalization, and equaled about 62% of the goodwill balance reported in its August 13 Form 10-Q. On November 13, law firms including Levi & Korsinsky and Kirby McInerney announced investigations into whether ADI or its senior management made materially false or misleading statements about goodwill and the business outlook.