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Desmond-Newman v. Govil et al
Case Number:
2:18-cv-03992
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
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January 11, 2019
Cemtrex Settles Shareholder Suits Over Stock Drop
Industrial equipment manufacturer Cemtrex Inc. has agreed to stop its use of a stock promoter and to institute several corporate governance reforms to resolve a pair of derivative actions and a New York state court suit accusing the company of misconduct that caused stock values to plummet.
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July 12, 2018
Cemtrex Hit With Shareholder Derivative Suit Over Stock-Drop
Industrial equipment manufacturer Cemtrex Inc. and its executive officers were hit with a shareholder derivative lawsuit in New York federal court Wednesday, claiming that information made public in a series of online articles caused stock values to plummet.