LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Zoompass Holdings, Inc. (“Zoompass” or the “Company”) (Other OTC: ZPAS) concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Zoompass investigation page on our website at www.glancylaw.com/case/zoompass-holdings-inc.
GPM represents investors in securities class actions, seeking to recoup damages caused by corporate fraud and wrongdoing.
On 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.
On May 25, 2017, Seeking Alpha issued an article 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.
If you purchased Zoompass securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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