SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

October 31, 2014 21:05 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in CBD Energy Limited (CBDE) to Contact the Firm

NEW YORK, NY--(Marketwired - October 31, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in CBD Energy Limited ("CBD" or the "Company") (NASDAQ: CBDE) of the December 26, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against CBD and certain executives, directors, and underwriters of the Company's public offering (the "Offering").

A complaint has been filed in the United States District Court for the Eastern District of Texas on behalf of all persons who purchased CBD common stock pursuant and/or traceable to CBD's Registration Statement and Prospectus ("Offering Documents") issued in connection with the Offering, which commenced on or about June 13, 2014 (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, the Offering Documents issued by the defendants contained material errors in relation to, among other issues, CBD's accounting in connection with related party transactions.

On October 24, 2014, the Company announced that there were material errors in CBD's previously issued financial statements, including those contained in the Offering Documents, and that revisions to those financial statements were required.

Following this news, the price of CBD stock declined by $0.76 per share, or over 37%, to close on October 24, 2014 at $1.25 per share.

Request more information now by clicking here: www.faruqilaw.com/CBDE. There is no cost or obligation to you.

Take Action

If you invested in CBD common stock or bonds pursuant and/or traceable to CBD's Offering Documents issued in connection with the Offering, which commenced on or about June 13, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/CBDE. 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 CBD's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330