Cases
Cemtrex, Inc. (NASDAQ: CETX)
Securities Class Action
Overview
Overview
- Date:
- 2/22/2017
- Company Name:
- Cemtrex, Inc.
- Stock Symbol:
- CETX
- Status:
- Closed/Complete
NEW YORK, February 22, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Cemtrex, Inc. (NASDAQ: CETX). Our investigation concerns potential breach of fiduciary duty and securities claims.
On February 22, 2017 Seeking Alpha published an article on Cemtrex revealing that over $1 million has been paid to notorious stock promoters to promote Cemtrex, Cemtrex’s founder Aron Govil is secretly paying promoters behind imploded frauds like Forcefield Energy and Code Rebel via an undisclosed entity, and insiders of Cemtrex have been heavily selling shares during the paid promotion without disclosing them.
On this news, shares of Cemtrex fell 33.59% to close at 3.40 per share on February 22, 2017.
If you purchased or otherwise acquired Cemtrex securities and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On February 22, 2017 Seeking Alpha published an article on Cemtrex revealing that over $1 million has been paid to notorious stock promoters to promote Cemtrex, Cemtrex’s founder Aron Govil is secretly paying promoters behind imploded frauds like Forcefield Energy and Code Rebel via an undisclosed entity, and insiders of Cemtrex have been heavily selling shares during the paid promotion without disclosing them.
On this news, shares of Cemtrex fell 33.59% to close at 3.40 per share on February 22, 2017.
If you purchased or otherwise acquired Cemtrex securities and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.