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The filed complaint alleges that Codere Online Luxembourg, S.A. made materially false and/or misleading statements and/or failed to disclose that: Codere issued a press release on November 18, 2024, announcing receipt of "a staff determination letter . . . , from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq'), notifying the Company of the determination from the Nasdaq Staff (the ‘Staff') to delist the Company's securities from The Nasdaq Stock Market, given the Company had not filed its Form 20-F for the year ended December 31, 2023 . . . in accordance with continued Listing Rule 5250(c)(1)[.]" Following this news, Codere's stock price declined sharply during intraday trading on November 19, 2024.
In order to be eligible to join the CDRO class action lawsuit, you must have incurred a loss on shares of Codere Online Luxembourg, S.A. purchased during the class period listed above.
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