NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of CEMEX, S.A.B. de C.V. (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.
If you suffered a loss in CEMEX and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/CX-Info-Request-Form-279.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.