The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of CEMEX, S.A.B. de C.V. (NYSE: CX) who purchased shares between August 14, 2014 and March 13, 2018. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the CX lawsuit alleges that (i) CEMEX executives had engaged in an unlawful bribery scheme in connection with the Companyâ€™s business dealings in Colombia; (ii) discovery of the foregoing conduct would likely subject the Company to heightened regulatory scrutiny and potential criminal sanctions; (iii) the Company lacked adequate internal controls over financial reporting; and (iv) as a result, CEMEX's public statements were materially false and misleading at all relevant times.
Shareholders have until May 15, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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