LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Cemtrex, Inc. (“Cemtrex” or the “Company”) (Nasdaq: CETX). Investors who purchased shares between February 11, 2016 and February 22, 2017 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the April 25, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that during the Class Period, Cemtrex made materially false and/or misleading statements and/or failed to disclose: that over $1 million has been paid to notorious stock promoters since late 2015; that the entity paying for the stock promotion was owned by the Company’s founder, Aron Govil, and based out of the Company’s corporate headquarters; that senior executives engaged in undisclosed insider selling; that Cemtrex retained a foreign accounting firm with a history of fraud to conduct its financial audits; and that as a result of the above, the Company’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When this information reached the public, shares of Cemtrex fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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