The Shuman Law Firm Investigates Eco Science Solutions, Inc.
DENVER, CO January 31, 2018 – The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Eco Science Solutions, Inc. (“Eco Science” or the “Company”) (OTC: ESSI). Eco Science is a Makawao, HI-based company that allegedly provides solutions for the health, wellness, and alternative medicine industry.
On December 15, 2016, a report was published on SeekingAlpha.com which alleged that Eco Science was operating a “pump-and-dump scheme” whereby the Company was paying a third party to promote the Company’s stock, inflating the market price, while the Company’s primary products—two mobile apps—were essentially worthless.
Following this claim, a class action lawsuit was filed in the U.S. District Court for the District of New Jersey against the Company and certain of its senior officers. The complaint alleged that the Company issued false and/or misleading statements and/or failed to disclose that: (1) that the Company was using advertising funds to promote the Company’s stock; (2) that the Company’s mobile app products were essentially worthless; (3) that the Company engaged in a series of transactions intended to enrich an individual named Gannon Giguiere at the expense of the investing public; (4) that the Company disseminated false information concerning, among other things, Eco Science’s proposed acquisition of Ga-Du Bank; and (5) that Ga-Du Bank was operated by the Southern Cherokee Nation and The Red Fire People Central Bank, a purportedly unrecognized Native American tribe. One year ago the Company’s stock traded at more than $4 per share; the stock trades at approximately $.21 per share.
If you currently own Eco Science common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 569-4531 or email Mr. Shuman at firstname.lastname@example.org or Mr. Glenn at email@example.com.