SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against Medbox, Inc. & Its Board of Directors & a...
March 03 2015 - 1:42PM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the Central
District of California on behalf of investors who purchased Medbox,
Inc. (“Medbox” or the “Company”) (OTC MKTS:MDBX) securities between
November 20, 2013 and December 29, 2014.
To get more information, click here:
http://zlk.9nl.com/medbox-mdbx. There is no cost or
obligation to you.
The complaint alleges that during the Class Period defendants
concealed that: (a) Medbox was recognizing revenue before earned on
certain customer contracts; (b) the Company lacked effective
internal controls; (c) due to its false financial reporting, Medbox
was not complying with Generally Accepted Accounting Principles or
SEC rules and regulations, and thus was not eligible for listing on
the national exchange; (d) due to its financial misstatements,
Medbox was not in compliance with its debt covenants; and (e) as a
result of the aforementioned, Medbox was not on track to achieve
its financial targets during the Class Period.
If you suffered a loss in Medbox you have until March 23, 2015
to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn’t require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/medbox-mdbx.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 866-367-6510www.zlk.com