SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

May 17, 2016 10:49 ET

INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Code Rebel Corporation of Class Action Lawsuit and a Lead Plaintiff Deadline of July 11, 2016 -- CDRB

NEW YORK, NY--(Marketwired - May 17, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Code Rebel Corporation ("Code Rebel" or the "Company") (NASDAQ: CDRBbetween August 17, 2015 and May 5, 2016.

You are hereby notified that a securities class action has commenced in the USDC for the Southern District of New York. To get more information go to: http://www.zlk.com/pslra/code-rebel-corporation.

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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/code-rebel-corporation.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com