The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Code Rebel Corporation (NASDAQ: CDRB) securities between August 17, 2015 through May 5, 2016.
The complaint alleges that, throughout the class period, defendants 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, trading of Code Rebel stock was suspended following an Order issued by the U.S. Securities and Exchange Commission. According to the SEC, “there is a lack of accurate information concerning the securities of Code Rebel…because of questions regarding the accuracy of 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, concerning the company’s assets and financial condition.”
If you suffered a loss in Code Rebel you have until July 11, 2016 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.
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