Faruqi and Faruqui, LLP Logo
Share this page

Zoompass Holdings, Inc. (ZPAS)

OTC:ZPAS

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Zoompass Holdings, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Zoompass Holdings, Inc. (“Zoompass” or the “Company”) (OTC:ZPAS).

The investigation focuses on whether the Company and its executives violated federal securities laws by engaging in a potentially illegal stock promoting scheme. Specifically, on May 25, 2017, an article published on Seeking Alpha made reference to a Company’s press release published on May 9, 2017, to allege that the Company is currently engaging in a pump-and-dump scheme. The Seeking Alpha article claims that the Company’s stock price increased exponentially for no apparent reason until May 9, 2017 during which Company allegedly paid $2 million Sargon Finance SA in order to promote the stock.

On this news, Zoompass’s share price fell from $3.64 per share on May 9, 2017 to a closing price of $1.97 on May 12, 2017—a $1.67 or a 45.9% drop.

If you invested in Zoompass stock or options and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

 

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Zoompass Holdings, Inc. (ZPAS)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 05/26/2017

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.