IRVINE, Calif., June 6, 2017 /PRNewswire/ -- Khang & Khang LLP (the "Firm") announces the filing of a class action lawsuit against Zoompass Holdings, Inc. ("Zoompass" or the "Company") (Other OTC: ZPAS). Investors who purchased or otherwise acquired shares between April 24, 2017 and May 24, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the July 31, 2017 lead plaintiff motion deadline.
If you purchased Zoompass shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the Complaint, throughout the Class Period, Zoompass made false and/or misleading statements and/or failed to disclose: that the Company unlawfully engaged in a scheme to promote its stock; that the discovery of the foregoing conduct would subject Zoompass to heightened regulatory scrutiny and potential criminal sanctions; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times. On May 9, 2017, Zoompass revealed 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 its stock and purposely conceal that the Company's CEO was involved in a pump-and-dump scheme. On this news, Zoompass shares decreased in value, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at email@example.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Joon M. Khang, Esq.
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SOURCE Khang & Khang LLP