Lawsuit Overview
February 1, 2019 - An amended consolidated complaint was filed.
May 24, 2017 - An investor in shares of Eco Science Solutions Inc (OTCMKTS: ESSI) filed a lawsuit in the U.S. District Court for the District of New Jersey over alleged violations of Federal Securities Laws by Eco Science Solutions Inc in connection with certain allegedly false and misleading statements made between May 1, 2017 and May 19, 2017.
According to the complaint the plaintiff alleges on behalf of purchasers of Eco Science Solutions Inc (OTCMKTS: ESSI) common shares between May 1, 2017 and May 19, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 1, 2017 and May 19, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Eco Science Solutions Inc’s plan for strategic acquisitions lacked veracity, and that as a result, defendants’ statements about Eco Science Solutions Inc’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.
Makawao, HI based Eco Science Solutions Inc, formerly Pristine Solutions, Inc., is a technology-focused company that develops technical solutions, including enterprise software solutions, entertaining and useful content generation for mass distribution, and consumer applications for daily use.
On May 19, 2017, the SEC suspended trading of Eco Science Solutions Inc securities over “concerns regarding the accuracy and adequacy of publicly disseminated information concerning, among other things, ESSI’s proposed acquisition of Ga-Du Bank, Inc.”