Code Rebel Corporation

For more information, please review the notice and claim form, click on the link below.

http://www.strategicclaims.net/coderebel/

Notice of Settlement


NEW YORK, July 31, 2017 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. and Pomerantz LLP announce that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of Code Rebel Corporation (OTCMKTS:CDRBQ):

SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT

TO:    ALL PERSONS WHO PURCHASED CODE REBEL CORPORATION SECURITIES FROM MAY 19, 2015 THROUGH MAY 12, 2017 INCLUSIVE.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of New York, that a hearing will be held on December 8, 2017, at 10:00 a.m. before the Honorable Alison J. Nathan, United States District Judge of the Southern District of New York, 40 Foley Square, Courtroom 906, New York, New York 10007, for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $1,000,000 to the Settlement Class should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Plaintiffs’ Counsel for an award of attorneys’ fees of up to one-third of the Class Settlement Amount ($333,333.33), reimbursement of expenses of not more than $30,000, and an incentive payment of no more than $2,000 in aggregate, or $1,000 each, to Plaintiffs, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Settlement Agreement and Release dated May 12, 2017 (the “Agreement”).

If you purchased Code Rebel Corporation (“Code Rebel”) securities during the period from May 19, 2015 through May 12, 2017, both dates inclusive (the “Settlement Class Period”), your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in Code Rebel securities. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release Form, you may obtain copies by writing to or calling the Claims Administrator at Code Rebel Corporation Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Ste. 3, P.O. Box 230, Media, PA 19063; (Tel) (866) 274-4004; (Fax) (610) 565-7985; info@strategicclaims.net, or going to the website, www.strategicclaims.net. If you are a member of the Settlement Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release Form postmarked no later than September 15, 2017 to the Claims Administrator, establishing that you are entitled to recovery. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Action whether or not you make a claim.

If you desire to be excluded from the Settlement Class, you must submit to the Claims Administrator a request for exclusion so that it is received no later than November 17, 2017, in the manner and form explained in the Notice. All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action pursuant to the Agreement.

Any objection to the Settlement, Plan of Allocation, or Plaintiffs’ Counsel’s request for an award of attorneys’ fees and reimbursement of expenses and award to Plaintiffs must be in the manner and form explained in the detailed Notice and received no later than November 17, 2017, to each of the following:

Clerk of the Court United States District Court Southern District of New York 500 Pearl Street New York, New York 10007

CLASS COUNSEL

Laurence M. Rosen, Esq. Phillip Kim, Esq. THE ROSEN LAW FIRM, P.A. 275 Madison Avenue, 34th Floor New York, NY  10016

Jeremy A. Lieberman, Esq. Joseph A. Hood, II, Esq. Justin S. Nematzadeh, Esq. POMERANTZ LLP 600 Third Avenue, 20th Floor New York, NY 10016

COUNSEL FOR DEFENDANT ARBEN KRYEZIU N/K/A ARBEN KANE Mitchell Kulick Justin B. Singer FEUERSTEIN KULICK LLP 205 E. 42nd Street, 20th Floor New York, NY 10017

COUNSEL FOR DEFENDANTS REID DABNEY, VOLODYMYR BYKOV, JAMES CANTON, AND DAVID DWELLE      

Donald W. Hawthorne Felix J. Gilman AXINN VELTROP & HARKRIDER LLP 114 West 47th Street New York, NY 10036

COUNSEL FOR JEOFFREY L. BURTCH, CHAPTER 7 TRUSTEE FOR THE ESTATE OF CODE REBEL CORPORATION Mark E. Felger COZEN O’CONNOR 45 Broadway, Suite 1600 New York, NY 10006

If you have any questions about the Settlement, you may call or write to Class Counsel: Laurence M. Rosen, Esq. Phillip Kim, Esq. THE ROSEN LAW FIRM, P.A. 275 Madison Avenue, 34th Floor New York, NY  10016 Tel.: (212) 686-1060

Jeremy A. Lieberman, Esq. Joseph A. Hood, II, Esq. Justin S. Nematzadeh, Esq. POMERANTZ LLP 600 Third Avenue, 20th Floor New York, NY 10016 Tel: (212) 661-1100

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.

Dated: June 27, 2017  

   
   

BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK