NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of CEMEX, S.A.B. de C.V. (“CEMEX” or “the Company”) (NYSE: CX) concerning possible violations of federal securities laws.
On September 23, 2016, CEMEX disclosed the Company’s dismissal of two senior executives and the resignation of another executive after an internal probe found that payments worth $20 million relating to a land deal in Colombia had breached company protocols. Then on December 9, 2016, CEMEX disclosed receipt of a subpoena from the U.S. Securities and Exchange Commission seeking information about irregular payments made at the Company’s Colombia unit. Then on March 14, 2018, CEMEX disclosed that the U.S. Department of Justice is investigating payments made by the Company related to a cement plant it is building in Colombia to determine whether any violations of federal bribery laws occurred. Upon this news, CEMEX’s share price fell $0.12, or 1.64%, to close at $7.21 on March 14, 2018. To obtain additional information, go to:
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