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The DJS Law Group has reminded investors of a class action lawsuit against PayPal Holdings, Inc. (NASDAQ: PYPL) alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of PYPL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to participate in any recovery.
According to the complaint, the company made false and misleading statements to the market. The complaint alleges that PayPal knew its highly positive statements about the growth potential of its Branded Checkout segment were unrealistic due to problems within its sales organization. Based on these facts, the complaint states that PayPal’s public statements were false and materially misleading throughout the class period.
The notice states that shareholders who suffered a loss should contact the firm to participate.
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
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