BERWYN, Pa., Feb. 22, 2017 /PRNewswire/ -- RM LAW, P.C. is
investigating potential claims against the board of directors of
Cemtrex, Inc. ("Cemtrex" or the "Company") (NASDAQ: CETX).
Our investigation concerns potential breach of fiduciary duty
and securities claims.
The investigation stems from a 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 own shares of Cemtrex and would like to learn more about
this class action or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (844) 291-9299 or to sign up online, visit:
www.maniskas.com. You may also email Mr. Maniskas at
rm@maniskas.com.
RM LAW, P.C. is a national shareholder litigation firm. RM
LAW, P.C. is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal
courts nationwide.
CONTACT: RM LAW, P.C.
Richard A. Maniskas, Esquire
1055
Westlakes Dr., Ste. 3112
Berwyn, PA
19312
484-324-6800
844-291-9299
www.maniskas.com
rm@maniskas.com
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SOURCE RM LAW, P.C.