SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Code Rebel...
May 12 2016 - 5:12PM
Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Code Rebel
Corporation (NASDAQ:CDRB)?
- Did you purchase your shares between August 17, 2015
and May 5, 2016, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a
complaint has been filed in the United States District Court for
the Southern District of New York on behalf of all persons or
entities that purchased the common stock of Code Rebel Corporation
(“Code Rebel” or the “Company”) (NASDAQ:CDRB) between August 17,
2015 and May 5, 2016, inclusive (the “Class Period”), alleging
violations of the Securities Exchange Act of 1934 against the
Company and certain of its officers (the “Complaint”).
If you purchased shares of Code Rebel during the
Class Period, or purchased shares prior to the Class Period and
still hold Code Rebel, and wish to discuss this action or have any
questions concerning this notice or your rights or interests,
please contact Timothy J. MacFall, Esquire or Peter Allocco of
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803 at (888) 969-4242; by e-mail to
info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/code-rebel-corporation-cdrb.
The Complaint alleges that throughout the Class
Period, defendants made materially false and misleading statements,
and omitted materially adverse facts, about the Company’s business,
operations and prospects. Specifically, the Complaint alleges
that the defendants concealed from the investing public 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. As a result of defendants’ alleged false and
misleading statements, the Company’s stock traded at artificially
inflated prices during the Class Period.
According to the Complaint, on May 6, 2016, the SEC
issued an order suspending the trading of the Company’s stock
citing a lack of accurate information concerning the securities of
Code Rebel 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 wish to serve as lead plaintiff, you must
move the Court no later than July 11, 2016.
A lead plaintiff is a representative party acting on behalf of
other class members in directing the litigation. Any member
of the proposed class may move the court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member.
Attorney advertising. Prior results do not
guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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