An investor in NASDAQ:CDRB shares filed a lawsuit over alleged Securities Laws violations by Code Rebel in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Code Rebel Corp (NASDAQ:CDRB) have certain options and for certain investors are short and strict deadlines running. Deadline: July 11, 2016. NASDAQ:CDRB investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges on behalf of purchasers of Code Rebel Corp (NASDAQ:CDRB) common shares between August 17, 2015 and May 5, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 17, 2015 and May 5, 2016, the defendants issued allegedly false and misleading statements to investors and/or failed to disclose that Code Rebel’s financial statements contained errors concerning its assets and financial condition, and that as a result of the foregoing, Code Rebel’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Shares of Code Rebel Corp (NASDAQ:CDRB) declined from as high as $38.80 per share in June 2015 to as low as $1.51 per share on February 24, 2016.
On May 6, 2016, Code Rebel Corp. (NASDAQ: CDRB) announced that on May 6, 2016 the Securities and Exchange Commission (“SEC”) issued an order of suspension of trading of Code Rebel Corp’s securities effective May 6, 2016 at 9:30 a.m. EDT through 11:59 p.m. EDT on May 19, 2016.
Code Rebel Corp. said that the order stated that this action was taken “because of questions regarding the accuracy of statements in its Forms 10-Q for the quarters ended June 30, 2015 and September 30, 2015, and the Form 10-K for the year ending December 31, 2015, concerning the company’s assets and financial condition.”
Those who purchased NASDAQ:CDRB shares 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