NEW YORK--(BUSINESS WIRE)--
Levi & Korsinsky announces it has commenced an investigation of CEMEX, S.A.B. de C.V. (“CEMEX” or “the Company”) (NYSE: CX) concerning possible violations of federal securities laws.
On September 23, 2016, CEMEX disclosed the Company’s dismissal of two senior executives and the resignation of another executive after an internal probe found that payments worth $20 million relating to a land deal in Colombia had breached company protocols. Then 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 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. Upon this news, CEMEX’s share price fell $0.12, or 1.64%, to close at $7.21 on March 14, 2018. To obtain additional information, go to:
http://www.zlkdocs.com/CX-Info-Request-Form-6538
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
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