The investigation stems from a 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 own shares of Cemtrex and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, visit: www.maniskas.com. You may also email Mr. Maniskas at email@example.com.
RM LAW, P.C. is a national shareholder litigation firm. RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rm-law-announces-investigation-of-cemtrex-inc-300412045.html
SOURCE RM LAW, P.C.