Company Website:
http://www.zlk.com
NEW YORK -- (Business Wire)
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Central District
of California on behalf of investors who purchased Medbox, Inc.
(“Medbox” or the “Company”) (OTC MKTS:MDBX) securities between November
20, 2013 and December 29, 2014.
To get more information, click here: http://zlk.9nl.com/medbox-mdbx.
There is no cost or obligation to you.
The complaint alleges that during the Class Period defendants concealed
that: (a) Medbox was recognizing revenue before earned on certain
customer contracts; (b) the Company lacked effective internal controls;
(c) due to its false financial reporting, Medbox was not complying with
Generally Accepted Accounting Principles or SEC rules and regulations,
and thus was not eligible for listing on the national exchange; (d) due
to its financial misstatements, Medbox was not in compliance with its
debt covenants; and (e) as a result of the aforementioned, Medbox was
not on track to achieve its financial targets during the Class Period.
If you suffered a loss in Medbox you have until March 23, 2015 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://zlk.9nl.com/medbox-mdbx.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Contacts:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Tel:
212-363-7500
Toll Free: 877-363-5972
Fax: 866-367-6510
www.zlk.com
Source: Levi & Korsinsky, LLP
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