NEW YORK, Feb. 25, 2015 /PRNewswire/ -- 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.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP