Alphabet Stock Poised for Growth as Bank of America Sees Strong AI Momentum Into 2026 
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China 
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years 
Netflix Plans All-Cash Bid for Warner Bros Discovery Studios Amid Intense Hollywood Takeover Battle 
Saks Global Files for Bankruptcy Protection Amid Mounting Luxury Retail Pressures 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
Coca-Cola Shelves Costa Coffee Sale After Low Private Equity Offers 
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal 
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits 
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion 
Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules 
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny 
Amazon Reviews Supplier Costs as U.S.–China Tariffs Ease 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
LOS ANGELES, April 05, 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 shares during the Class Period should contact the firm prior to the April 25, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected].
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, 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 new was announced, the stock price of Cemtrex declined.
Lundin Law PC was established 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 [email protected] http://lundinlawpc.com/
