A settlement was reached in the lawsuit filed on behalf of certain investors of Central European Distribution Corporation (NASDAQ: CEDC) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on: December 15, 2014. NASDAQ: CEDC investors should contact the Shareholders Foundation or send an email to mail@shareholdersfoundation.com

San Diego, CA -- (SBWire) -- 11/18/2014 --A deadline is coming up on December 15, 2014 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Central European Distribution Corporation (NASDAQ: CEDC) between March 1, 2010 to November 13, 2012.

If you invested a significant amount of shares of Central European Distribution Corporation (NASDAQ: CEDC) between March 1, 2010 to November 13, 2012, you have certain options and you should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Central European Distribution Corporation (NASDAQ: CEDC) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/central-european-distribution-corporation-nasdaq-cedc-investor-securities-class-action-lawsuit-

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is December 15, 2014. The class action administrator for this case is Gilardi & Co, LLC.

The lawsuit was originally filed in in the U.S. District Court for the Southern District of New York against Central European Distribution Corporation over alleged Violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between March 1, 2010 and June 4, 2012 about its subsidiary in Russia. According to the complaint the plaintiff alleges on behalf of all persons who purchased or otherwise acquired Central European Distribution Corporation (NASDAQ: CEDC) securities between March 1, 2010 and June 4, 2012, that Central European Distribution Corporation and certain of its top officials violated the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated. Specifically the plaintiff claims that defendants allegedly made false and/or misleading statements, as well as failed to disclose that Central European Distribution Corporation's reported net sales in the years ended December 31, 2010 and 2011 were materially inflated, that as a result of its alleged failure to appropriately account for customer rebates, Central European Distribution Corporation anticipates restating its reported consolidated net sales, operating profit and related accounts receivable for these periods by approximately $30 to $40 million, and as a result of the foregoing, that Central European Distribution Corporation's statements were allegedly materially false and misleading at all relevant times.

On June 4, 2012, Central European Distribution Corporation (NASDAQ: CEDC) announced that it expects to restate its financial results for all financial reporting periods from and after January 1, 2010. Central European Distribution Corporation said that it changed its senior management at its main operating subsidiary in Russia, the Russian Alcohol Group ("RAG"), during April 2012 and following this change senior Central European Distribution Corporation management requested that the new management team review RAG's business operations and internal controls, including an assessment of the resources and needs of the corporate finance and reporting departments, as identified in Item 9A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011.

Those who purchased shares of Central European Distribution Corporation (NASDAQ: CEDC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com