Business
RM LAW Announces Class Action Lawsuit Against Zoompass Holdings, Inc.
RM LAW Announces Class Action Lawsuit Against Zoompass Holdings, Inc..
About this update from Zoompass Holdings Inc
[{"type":"text","content":"\n\n\n\nRM LAW Announces Class Action Lawsuit Against Zoompass Holdings, Inc.\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\nRM LAW Announces Class Action Lawsuit Against Zoompass Holdings, Inc.\nPR Newswire\nBERWYN, Pa., June 13, 2017\n\n\n\nBERWYN, Pa., June 13, 2017 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Zoompass Holdings, Inc. (OTC: ZPAS) (\"Zoompass\" or the \"Company\") securities between April 24, 2017 and May 24, 2017, inclusive (the \"Class Period\"). \n\n\n \n \n\n \nZoompass shareholders may, no later than July 31, 2017, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Zoompass and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here. \n\nZoompass develops a mobile money platform that enables brands to transform their financial interactions with customers. Its platform facilitates employee reward incentives, compensation, customer rewards and promotions, and managed services, as well as enables businesses to visualize their financial transactions with customers, employers, and suppliers.\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.\" Following this announcement, shares fell $1.67 or over 45% over three trading sessions.\n\nOn May 25, 2017, an article was published on SeekingAlpha.com alleging that Zoompass had erroneously denied its involvement with a scheme designed to promote Zoompass' stock; and that Zoompass had purposely kept hidden the fact that the Company's CEO was involved in a pump-and-dump scheme. On this news, shares of Zoompass fell over 23% to close at $2.25 per share on May 25, 2017.\n\nThe complaint filed in this class action lawsuit alleges that throughout the Class Period, De...