GPM Reminds Investors of the July 11 Deadline in the Class Action Lawsuit Against Code Rebel Corp
07 Juillet 2016 - 4:30PM
Business Wire
Investors with over $100,000 in losses are encouraged to contact
Lesley Portnoy, Esquire to discuss their legal rights.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
July 11, 2016 deadline to file a lead plaintiff motion in
the class action filed on behalf of a class (the “Class”) of
investors who purchased Code Rebel Corp (“Code Rebel” or the
“Company”) (NASDAQ: CDRB; OTC: CDRBQ) securities between August
17, 2015 and May 5, 2016, inclusive (the “Class Period”). Code
Rebel investors have until July 11, 2016 to file a
lead plaintiff motion.
According to the lawsuit, defendants throughout the Class Period
issued false and misleading statements to investors and/or failed
to disclose that: (1) Code Rebel’s financial statements contained
errors concerning its assets and financial condition; and (2) 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, the Company acknowledged that the Securities and
Exchange Commission (the “SEC”) suspended trading in the Company’s
securities, “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.”
If you purchased Code Rebel shares, you may move the Court no
later than July 11, 2016 to request appointment as
lead plaintiff. To be a member of the class you need not take any
action at this time; you may retain counsel of your choice or take
no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160707005189/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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