A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Code Rebel Corp (NASDAQ: CDRB) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on September 15, 2017 and NASDAQ: CDRB investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/17/2017 -- The Shareholders Foundation announces that a deadline is coming up on September 15, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Code Rebel Corp (NASDAQ: CDRB) between May 19, 2015 through May 12, 2017.
Investors who purchased a significant amount of shares of Code Rebel Corp (NASDAQ: CDRB) between May 19, 2015 through May 12, 2017, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Code Rebel Corp (NASDAQ: CDRB) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/code-rebel-corp-nasdaq-cdrb-investor-securities-class-action-lawsuit-05102016
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is September 15, 2017. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Code Rebel in connection with certain allegedly false and misleading statements made between August 17, 2015 and May 5, 2016. According to the complaint the plaintiff alleges on behalf of purchasers of Code Rebel Corp (NASDAQ: CDRB) common shares between August 17, 2015 and May 5, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 17, 2015 and May 5, 2016, the defendants issued allegedly false and misleading statements to investors and/or failed to disclose that Code Rebel Corp's financial statements contained errors concerning its assets and financial condition, and that as a result of the foregoing, Code Rebel Corp's public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Code Rebel Corp (NASDAQ: CDRB) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com