January 11, 2019
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.
July 12, 2018
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.