Cemtrex Inc (CETX)

[Katfish]

Cemtrex, Inc. Retains Olshan Frome Wolosky LLP to Help Investigate Alleged Illegal Short Selling

FARMINGDALE, N.Y., Feb. 27, 2017 /PRNewswire/ -- Cemtrex, Inc. (CETX) announced today that it has retained the law firm of Olshan Frome Wolosky LLP, New York, New York, to help investigate allegations of manipulative short selling of Cemtrex's stock and malicious publishing of false and misleading information by short sellers, and to assist the company in rooting out and holding accountable those responsible for these illegal actions.
Olshan Frome Wolosky is a nationally-recognized corporate and litigation law firm which has represented numerous publicly-traded companies in their fights against illegal short selling and other fraudulent activities intended to manipulate share prices.

"We have an obligation to our shareholders to take proactive measures to ensure that our shares are traded efficiently and with integrity," said Cemtrex's Chairman and Chief Executive Officer Saagar Govil.  "To that end, we have retained Olshan Frome Wolosky LLP.  Thomas J. Fleming and the Olshan Frome team will provide us the best possible remedy against the short sellers we believe may have been manipulating our share price and manufacturing a false narrative about our company."