RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Eco Science Solutions, Inc. (OTC: ESSI) (“Eco Science” or the “Company”) securities between May 1, 2017 and May 19, 2017, inclusive (the “Class Period”).
Eco Science shareholders may, no later than July 24, 2017, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Eco Science and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
According to the filed Complaint, throughout the Class Period, Eco Science made materially false and misleading statements, and/or failed to disclose that its plan for strategic acquisitions lacked veracity; consequently, the Company’s statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On May 19, 2017, the United States Securities & Exchange Commission (SEC) announced a temporary suspension of trading Eco Science securities “because of concerns regarding the accuracy and adequacy of publicly disseminated information concerning, among other things, ESSI’s proposed acquisition of Ga-Du Bank, Inc.”
As of June 1, 2017, the stock was still halted, having last traded at $2.37 per share on May 19th.
If you are a member of the class, you may, no later than July 24, 2017, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.