TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Zoompass Holdings, Inc. (OTC: ZPAS) Investor Securities Class Action Lawsuit 05/31/2017

  • If you purchased shares of Zoompass Holdings, Inc. (OTC: ZPAS), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Zoompass Holdings, Inc.
Security
OTC: ZPAS

Case Name
Zoompass Holdings Shareholder Class Action Lawsuit 05/31/2017
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of New Jersey

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to Zoompass Holdings, Inc..
Summary

March 12, 2020 - The appeal was voluntarily dismissed.

June 10, 2019 - A notice appealing the court's dismissal was filed.

January 24, 2019 - The court granted the defendants' motion to dismiss.

September 18, 2018 - A motion to dismiss the second amended complaint was filed.

August 21, 2018 - A second amended complaint was filed.

August 8, 2018 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

January 19, 2018 - A motion to dismiss the amended complaint was filed.

November 20, 2017 - An amended complaint was filed.

May 31, 2017 (Shareholders Foundation) - An investor in shares of Zoompass Holdings, Inc. (OTC: ZPAS) filed a lawsuit in the U.S. District Court for the District of New Jersey over alleged violations of Federal Securities Laws by Zoompass Holdings, Inc. in connection with certain allegedly false and misleading statements made between April 24, 2017 and May 24, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of Zoompass Holdings, Inc. (OTC: ZPAS) common shares between April 24, 2017 and May 24, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 24, 2017 and May 24, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that Zoompass unlawfully engaged in a scheme to promote the Company’s stock, that discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny and potential criminal sanctions, and that that as a result of the foregoing, Zoompass’ public statements were materially false and misleading at all relevant times.

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.

On May 25, 2017, a report was published that alleged among other things that Zoompass had falsely denied that it was associated with a scheme to promote Zoompass' stock, and that concealed that its Chief Executive Officer had been engaged in a purported pump-and-dump scheme.

Shares of Zoompass Holdings, Inc. (ZPAS) declined on May 25, 2017 to $2.15 per share.