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EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Zoompass, Inc. - ZPAS
EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Zoompass, Inc. - ZPAS.
About this update from Zoompass Holdings Inc
[{"type":"text","content":"\n\n\n\nEQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Zoompass, Inc. - ZPAS\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Zoompass, Inc. - ZPAS\nPR Newswire\nNEW YORK, July 25, 2017\n\n\n\nNEW YORK, July 25, 2017 /PRNewswire-USNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Zoompass Holdings, Inc. (OTC: ZPAS) from April 24, 2017 and May 24, 2017, both dates inclusive (the \"Class Period\"). The lawsuit seeks to recover damages for Zoompass investors under the federal securities laws.\n\n\n \n \n\n \nTo join the Zoompass class action, go to http://www.rosenlegal.com/cases-1137.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.\n\nNO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.\n\nAccording to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Zoompass unlawfully engaged in a scheme to promote its stock; (2) discovery of the foregoing conduct would subject Zoompass to heightened regulatory scrutiny and potential criminal sanctions; and (3) that as a result, Zoompass' public statements were materially false and misleading at all relevant times.\n\nOn May 9, 2017, Zoompass disclosed that it had been \"made aware of and requested by the OTC Markets Group, Inc. to comment on recent trading and potential promotional activity.\" On May 25, 2017, Seeking Alpha published an article alleging that Zoompass had erroneously denied its involvement with a scheme designed to promote Zoompass' stock and purposely conceal Zoompass' CE...