NEW YORK--(BUSINESS WIRE)--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 J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Cemtrex, Inc., please go to www.bespc.com/cemtrex. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.