Business
ZOOMPASS INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Zoompass Holdings, Inc. To Contact The Firm
ZOOMPASS INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Zoompass Holdings, Inc. To Contact The Firm.
About this update from Zoompass Holdings Inc
[{"type":"text","content":"\n \n Faruqi & Faruqi, LLP, a leading national securities law firm, is \n investigating potential securities fraud at Zoompass Holdings, Inc. \n (“Zoompass” or the “Company”) (OTC:ZPAS).\n \n \n The investigation focuses on whether the Company and its executives \n violated federal securities laws by engaging in a potentially illegal \n stock promoting scheme. Specifically, on May 25, 2017, an article \n published on Seeking Alpha made reference to a Company’s press \n release published on May 9, 2017, to allege that the Company is \n currently engaging in a pump-and-dump scheme. The Seeking Alpha \n article claims that the Company’s stock price increased exponentially \n for no apparent reason until May 9, 2017 during which Company allegedly \n paid $2 million Sargon Finance SA in order to promote the stock.\n \n \n On this news, Zoompass’s share price fell from $3.64 per share on May 9, \n 2017 to a closing price of $1.97 on May 12, 2017—a $1.67 or a 45.9% drop.\n \n \n If you invested in Zoompass stock or options and would like to \n discuss your legal rights, click here: \n www.faruqilaw.com/ZPAS. There \n is no cost or obligation to you.\n \n \n You can also contact us by calling Richard Gonnello toll free at \n 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected].\n \n \n Attorney Advertising. The law firm responsible for this advertisement is \n Faruqi & Faruqi, LLP (www.faruqilaw.com). \n Prior results do not guarantee or predict a similar outcome with respect \n to any future matter. We welcome the opportunity to discuss your \n particular case. All communications will be treated in a confidential \n manner.\n \n \n \n View source version on businesswire.com: http://www.businesswire.com/news/home/20170530006419/en/","length":2701,"tagName":"div"}]