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Robbins Arroyo LLP: Cemtrex, Inc. (CETX) Misled Shareholders According to an Amended Class Action Complaint

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Shareholder rights law firm Robbins
Arroyo LLP
announces that purchasers of Cemtrex, Inc. (NasdaqCM:
CETX) filed an amended class action complaint against the company's
officers and directors for alleged violations of the Securities Exchange
Act of 1934 between December 26, 2012 and March 6, 2017. Cemtrex
provides electronic manufacturing services of electric system
assemblies, broad-based industrial services, and industrial air
filtration and environmental control equipment and systems worldwide.

View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/cemtrex-inc/

Cemtrex Accused of Scheming to Manipulate the Company's Stock

According to the complaint, Cemtrex insiders schemed to use the company
for their own private gain by manipulating its common stock. In
furtherance of this conspiracy, Cemtrex used acquisitions to give the
illusion of a prospering company while simultaneously lining the pockets
of its prominent insiders through related party transactions, lucrative
incentive awards, and unreported stock sales. In the process, Cemtrex
officials not only avoided their mandatory reporting responsibilities to
report all transactions involving Cemtrex securities, but concealed the
exchange of debt instruments for additional securities. When the
discrepancies in Cemtrex's reported insider holdings and
misrepresentations about the performance of the company's automotive
business were brought to investors' attention in February 2017,
Cemtrex's stock price plummeted and has since continued to decline.

Cemtrex Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003, LKandinov@robbinsarroyo.com,
or via the shareholder
information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Sign up for our FREE
portfolio monitoring service, Stock
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