San Diego, CA -- (SBWIRE) -- 06/28/2017 -- An investor in shares of Zoompass Holdings, Inc. (OTC: ZPAS) filed a lawsuit over alleged violations of Federal Securities Laws by Zoompass Holdings, Inc.

Investors who purchased shares of Zoompass Holdings, Inc. (OTC: ZPAS) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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.

Those who purchased shares of Zoompass Holdings, Inc. (OTC: ZPAS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com