SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Cemex, S.A.B. de C.V. (CX)
NEW YORK, March 15, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Cemex, S.A.B. de C.V. ("Cemex" or the "Company") (NYSE: CX). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cx.
The investigation concerns whether Cemex andcertain of its officers and/or directors have violated Federal Securities Laws.
On September 23, 2016, post-market, Cemex disclosed the Company's dismissal of two senior executives after an internal probe found that payments worth $20 million relating to a land deal in Colombia had breached company protocols. On this news, Cemex's American depositary receipt ("ADR") price fell $0.17, or 2.28%, to close at $7.26 on September 26, 2016. On December 9, 2016, Cemex disclosed receipt of a subpoena from the U.S. Securities and Exchange Commission seeking information about irregular payments made at the Company's Colombia unit. Then, on March 14, 2018, Cemex disclosed that the U.S. Department of Justice is investigating the Company over payments made by the Company related to a cement plant it is building in Colombia to determine whether any violations of federal bribery laws occurred. On this news, Cemex's ADR price fell $0.12, or 1.64%, to close at $7.21 on March 14, 2018.
If you are aware of any facts relating to this investigation, or purchased Cemex shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/cx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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