SECURITIES ALERT: Rosen Law Firm Reminds Medbox, Inc. Investors of March 23, 2015 Deadline in Class Action - MDBX
March 06 2015 - 6:07PM
Business Wire
The Rosen Law Firm, a global investor rights firm, reminds
purchasers of Medbox, Inc. common stock (OTC:MDBX) during the
period from November 20, 2013 to December 29, 2014 of the important
March 23, 2015 lead plaintiff deadline in the class action lawsuit
filed by the firm.
To join the Medbox class action, visit the firm’s website at
http://www.rosenlegal.com/cases-468.html, or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN
AN ABSENT CLASS MEMBER.
According to the lawsuit, Medbox overstated the Company’s
revenues by recognizing revenue on customer contracts before it had
been earned. On December 30, 2014, Medbox announced that its
financial statements for: (i) the year ended December 31, 2013,
(ii) the third and fourth quarters of 2013, and (iii) the first and
second quarters of 2014 can no longer be relied upon, as they are
materially inaccurate. This news caused Medbox’s share price to
decline, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than March 23, 2015. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation go to
http://www.rosenlegal.com/cases-468.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via
e-mail at pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen
Law Firm P.A.275 Madison Avenue 34th FloorNew York, New York
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com