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INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In Zoompass Holdings, Inc. To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit
INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In Zoompass Holdings, Inc. To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit.
About this update from Zoompass Holdings Inc
[{"type":"text","content":"\n \n The securities litigation law firm of Brower Piven, A Professional \n Corporation, announces that a class action lawsuit has been commenced in \n the United States District Court for the District of New Jersey on \n behalf of purchasers of Zoompass Holdings, Inc. (OTC MKTS: ZPAS) \n (“Zoompass” or the “Company”) securities during the period between April \n 24, 2017 and May 24, 2017, inclusive (the “Class Period”). Investors who \n wish to become proactively involved in the litigation have until July \n 31, 2017 to seek appointment as lead plaintiff.\n \n \n If you wish to choose counsel to represent you and the class, you must \n apply to be appointed lead plaintiff and be selected by the Court. The \n lead plaintiff will direct the litigation and participate in important \n decisions including whether to accept a settlement for the class in the \n action. The lead plaintiff will be selected from among applicants \n claiming the largest loss from investment in Zoompass securities during \n the Class Period. Members of the class will be represented by the lead \n plaintiff and counsel chosen by the lead plaintiff. No class has yet \n been certified in the above action.\n \n \n The complaint accuses the defendants of violations of the Securities \n Exchange Act of 1934 by virtue of the defendants’ failure to disclose \n during the Class Period that Zoompass unlawfully engaged in a scheme to \n promote the Company’s stock and discovery of the conduct would subject \n the Company to heightened regulatory scrutiny and potential criminal \n sanctions.\n \n \n According to the complaint, following a May 9, 2017 announcement that \n the Company was requested by the OTC Markets Group, Inc. to comment on \n recent trading and promotional activity, and a May 25, 2017 article \n alleging that Zoompass has erroneously denied its involvement with a \n scheme to promote the stock and hidden a pump-and-dump scheme, the value \n of Zoompass shares declined significantly.\n \n \n If you have suffered a loss in excess of $100,000 from investment in \n Zoompass securities purchased on or after April 24, 2017 and held \n through the revelation of negative information during and/or at the end \n of the Class Period and would like to learn more about this lawsuit and \n your ability to participate...