DEADLINE TODAY: Lundin Law PC Announces Securities Class Action Lawsuit against Cemtrex, Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 25, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Cemtrex, Inc. (“Cemtrex” or the “Company”) (NASDAQ: CETX) concerning possible violations of federal securities laws between February 11, 2016 and February 22, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired the Company’s shares during the Class Period should contact the firm by the April 25, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.

According to the Complaint, throughout 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 news was revealed, the stock price of Cemtrex dropped materially, which allegedly harmed investors according to the Complaint.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 460561