NEW YORK, June 19, 2017 (GLOBE NEWSWIRE) -- Shepherd, Finkelman, Miller & Shah, LLP (“SFMS”) announces that a class action lawsuit has been filed in the United States District Court for the District of New Jersey (Civil Action No. 17-03831) against Zoompass Holdings, Inc. (“Zoompass” or the “Company”)(OTC:ZPAS) and certain of its officers and directors.  The case seeks remedies under the Securities Exchange Act of 1934 (the “Exchange Act”) and is brought on behalf of a class consisting of all persons or entities that acquired Zoompass securities between April 24, 2017 and May 24, 2017, inclusive (the “Class Period”).  If you would like to discuss this action or have any questions regarding this notice or your rights, please contact either Bruce Parke (bparke@sfmslaw.com) or Jonathan Dilger (jdilger@sfmslaw.com); (866) 540-5505.

The Complaint alleges that, throughout the Class Period, Zoompass made false and/or misleading statements and/or failed to disclose that: (1) the Company engaged in a scheme to illegally promote its stock; (2) the foregoing conduct, when discovered, would expose the Company to heightened regulatory scrutiny and possible criminal sanctions; and (3) as a result of the foregoing, Zoompass’ public statements were materially false and misleading at all relevant times.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS TIME. If you purchased or otherwise acquired Zoompass securities during the Class Period, we encourage you to contact us with any questions prior to the July 31, 2017 lead plaintiff motion deadline.

SFMS is recognized as an accomplished firm in the areas of securities, corporate governance, antitrust and employee benefits litigation with offices in California, Connecticut, Florida, New Jersey, New York and Pennsylvania, as well as affiliate offices in London, England and Milan, Italy.  SFMS has recovered hundreds of millions of dollars on behalf of investors.  For more information visit us at http://www.sfmslaw.com.

Contacts:

Bruce Parke
Jonathan Dilger
Shepherd Finkelman Miller & Shah, LLP
www.sfmslaw.com
Telephone: (866) 540-5504
Email: bparke@sfmslaw.com
            jdilger@sfmslaw.com