Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Zoompass Holdings, Inc. (OTC:ZPAS) resulting from allegations that Zoompass may have issued materially misleading business information to the investing public.
On May 25, 2017, Seeking Alpha published an article charging among other things that Zoompass: (1) had falsely denied that it was associated with a scheme to promote Zoompass’ stock; and (2) had concealed that its CEO had been engaged in a purported pump-and-dump scheme. On this news, shares of Zoompass fell $0.70 per share or over 23% to close at $2.25 per share on May 25, 2017, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Zoompass investors. If you purchased shares of Zoompass on or before May 25, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1137.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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