BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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