Federman & Sherwood Investigates Cemtrex, Inc. for Possible Violations of Federal Securities Laws
February 22 2017 - 5:19PM
Business Wire
The law firm of Federman & Sherwood has initiated an
investigation into Cemtrex, Inc. (NASDAQ: CETX) with respect to
possible violations of federal securities laws.
Cemtrex, Inc. (“CETX”), provides electronic manufacturing
services of electric system assemblies, instruments and emission
monitors for industrial processes, and industrial air filtration
and environmental control systems worldwide and is headquartered in
Farmingdale, New York. Federman & Sherwood’s investigation
focuses on disclosures made by CETX and whether certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
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
sharply during intraday trading on February 22, 2017.
If you purchased Cemtrex, Inc. securities and have information
to assist in our investigation, or, have any questions or concerns
regarding this notice or preservation of your rights, please
contact our office. Federman & Sherwood has extensive
nationwide experience in representing investors in securities,
derivative and merger-related shareholder class actions, and has
been appointed as lead counsel in multiple complex cases.
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version on businesswire.com: http://www.businesswire.com/news/home/20170222006687/en/
Federman & SherwoodRobin Hester,
405-235-1560rkh@federmanlaw.com
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