Daily Tech News, Interviews, Reviews and Updates

PAYPAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against PayPal Holdings, Inc. – PYPL

NEW ORLEANS, Oct. 11, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until December 5, 2022 to file lead plaintiff applications in a securities class action lawsuit against PayPal Holdings, Inc. (NasdaqGS: PYPL), if they purchased the Company’s shares between February 3, 2021 and February 1, 2022, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of New Jersey.

Get Help

PayPal investors should visit us at https://claimsfiler.com/cases/nasdaq-pypl-3/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

PayPal and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On February 1, 2022, the Company disclosed that its net new active accounts figure (“NNAs”) was only 49 million for 2021, less than the guidance of 50 million it initially provided in February 2021 and lower than the raised guidance it reiterated just months prior, that it had identified 4.5 million accounts believed to have been illegitimately created, and that, as a result, it would change focus to increasing active user engagement rather than cash account opening incentives, which would reduce its ability to maintain growth in its NNAs.

On this news, shares of PayPal plummeted $43.23 per share, or approximately 25%, from a close of $175.80 per share on February 1, 2022 to close at $132.57 per share on February 2, 2022.

The case is Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund v. PayPal Holdings, Inc., et al., Case No. 22-cv-05864.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.



Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More
You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More