An investigation for investors in OTCMKTS:CDRBQ, formerly NASDAQ:CDRB shares concerning potential breaches of fiduciary duties by certain directors of Code Rebel Corp was announced.
Investors who are current long term investors in Code Rebel Corp (OTCMKTS:CDRBQ, formerly NASDAQ:CDRB) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in OTCMKTS:CDRBQ, formerly NASDAQ:CDRB stocks follows a lawsuit filed recently against Code Rebel Corp over alleged securities laws violations. The investigation on behalf of current long term investors in OTCMKTS:CDRBQ, formerly NASDAQ:CDRB stocks, concerns whether certain Code Rebel directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that 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.
On May 6, 2016, Code Rebel Corp. 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.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego