Notice to Proposed Settlement of Derivative Litigation Press Release
Cemtrex Inc. (CETX)
Last cemtrex inc. earnings: 8/19 05:03 pm
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US:NASDAQ Investor Relations:
cemtrex.com/investor-relations
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Source: GlobeNewswire
Long Island City, NY, Feb. 08, 2019 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology and manufacturing company, today issued the following notice: On January 4, 2019, Cemtrex, in its capacity as a nominal defendant, entered into a Stipulation and Agreement of Settlement (“Stipulation”) in the shareholder derivative actions filed in the U.S. District Court Eastern District of New York, Desmond-Newman v. Govil, et al., Case No. 2:18-cv-03992 (JFB) (AYS), and in New York State Supreme Court Suffolk County, Alami v. Govil, et al., No. 606635/2017 (collectively, “Derivative Litigation”). Pursuant to the Stipulation, the Company will implement certain corporate governance changes and modify certain governance practices, and the Company’s insurer will pay $100,000 to the plaintiffs’ counsel. Under the settlement, the Company and its shareholders will release all claims that were or could have been asserted in the Derivative Litigation, and t
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Sec Filings
- 4/23/24 - Form S-1/A
- 3/27/24 - Form DEF
- 3/21/24 - Form 25-NSE
- CETX's page on the SEC website