Press release
Investigation announced for Long-Term Investors in shares of PayPal Holdings, Inc. (NASDAQ: PYPL)
An investigation on behalf of current long term investors in PayPal Holdings, Inc. (NASDAQ: PYPL) shares.
Investors who are current long term investors in PayPal Holdings, Inc. (NASDAQ: PYPL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: PYPL stocks follows a lawsuit filed against PayPal Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PYPL stocks, concerns whether certain PayPal Holdings directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that PayPal had deficient disclosure controls and procedures, that as a result, PayPal's business practices with respect to PayPal Credit remained non-compliant with applicable laws and/or regulations, that PayPal's practices regarding payment of interchange rates related to its debit cards were likewise non-compliant with applicable laws and/or regulations, that accordingly, PayPal's revenues derived from its PayPal Credit and debit card practices were in part the subject of improper conduct and thus unsustainable, that all the foregoing subjected the Company to an increased risk of regulatory investigation and enforcement, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of PayPal Holdings, Inc. (NASDAQ: PYPL) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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