NEW YORK, May 13, 2016 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Code Rebel Corp. (“Code Rebel” or the “Company”) (NASDAQ:CDRB) of the July 11, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Code Rebel stock or options between August 17, 2015 and May 5, 2016 (the “Class Period”). The case, Springer et al v. Code Rebel Corporation et al., No. 16-cv-03492 was filed on May 10, 2016, and has been assigned to Judge Alison J. Nathan.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose errors in the Company’s financial statements regarding its financial condition and assets.
Specifically, May 6, 2016, the SEC issued an order suspending the trading of the Company’s stock, citing concerns about the accuracy of financial statements in CDRB’s 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.
Request more information now by clicking here: www.faruqilaw.com/CDRB. There is no cost or obligation to you.
Take Action
If you invested in Code Rebel stock or options between August 17, 2015 and May 5, 2016 and would like to discuss your legal rights, visit www.faruqilaw.com/CDRB. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Code Rebel’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative 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. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
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