A lawsuit was filed on behalf of investors in CEMEX, S.A.B. de C.V. (NYSE: CX) shares over alleged securities laws violations. Deadline: May 15, 2018. NYSE: CX investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/26/2018 -- An investor, who purchased shares of CEMEX, S.A.B. de C.V. (NYSE: CX), filed a lawsuit over alleged violations of Federal Securities Laws by CEMEX, S.A.B. de C.V. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of CEMEX, S.A.B. de C.V. (NYSE: CX) have certain options and for certain investors are short and strict deadlines running. Deadline: May 15, 2018. NYSE: CX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that between August 14, 2014 and March 13, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that Cemex executives had engaged in an unlawful bribery scheme in connection with the Company's business dealings in Colombia, that discovery of the foregoing conduct would likely subject the Company to heightened regulatory scrutiny and potential criminal sanctions, that the Company lacked adequate internal controls over financial reporting, and that as a result, Cemex's public statements were materially false and misleading at all relevant times.
On September 23, 2016, post-market, CEMEX, S.A.B. de C.V., 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 December 9, 2016, CEMEX, S.A.B. de C.V. 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, S.A.B. de C.V., 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.
Those who purchased shares of CEMEX, S.A.B. de C.V. (NYSE: CX) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com