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Code Rebel Corp (NASDAQ: CDRB) Investor Securities Class Action Lawsuit 05/10/2016

  • You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of September 15, 2017 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHA

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Lawsuit Overview

Company
Code Rebel Corp
Security
NASDAQ: CDRB

Case Name
Code Rebel Shareholder Class Action Lawsuit 05/10/2016
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
code_rebel_corp_settlement_notice_6_2017.pdf
Settlement Proof
code_rebel_corp_settlement_proof_6_2017.pdf
Filed Complaint
code_rebel_corp_original_filing_edited_5_2016.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$1,300,000.00
Deadline to Participate in Settlement

You must register to view and download the Settlement Notice and Settlement Proof.

Summary

April 10, 2018 - The court approved the settlement.
June 28, 2017 - The court preliminarily approved the settlement.

June 26, 2017 - A stipulation of settlement was filed by the parties.

June 26, 2017 - An amended complaint was filed.

May 10, 2016 - An investor in shares of Code Rebel Corp (NASDAQ: CDRB) filed a lawsuit 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.

Shares of Code Rebel Corp (NASDAQ: CDRB) declined from as high as $38.80 per share in June 2015 to as low as $1.51 per share on February 24, 2016.

On May 6, 2016, Code Rebel Corp (NASDAQ: CDRB) announced that on May 6, 2016 the Securities and Exchange Commission (“SEC”) issued an order of suspension of trading of Code Rebel Corp’s securities effective May 6, 2016 at 9:30 a.m. EDT through 11:59 p.m. EDT on May 19, 2016.

Code Rebel Corp said that the order stated that this action was taken 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.

code_rebel_corp_original_filing_edited_5_2016.pdf
Date Settled