Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Cemtrex, Inc. (Nasdaq: CETX) concerning possible breaches of fiduciary duty. On 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 February 27, 2017, Cemtrex announced that it had initiated an investigation into the foregoing allegations.
Shareholders interested in seeking to recover damages on behalf of CETX and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold CETX shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Michael J. Hynes at (484) 875-3116 or by sending an e-mail to mhynes@hkh-lawfirm.com.