PayPal Holdings Inc and eBay Inc

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Case Summary
Company Name: PayPal Holdings Inc and eBay Inc
Stock Symbol : NASDAQ: PYPL
Class Period Start: 07/20/2015
Class Period End: 04/28/2016
Lead Plaintiff motion: 02/27/2017
Date Filed: 12/28/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the February 27, 2017 lead plaintiff deadline in a class action lawsuit filed against PayPal Holdings Inc (NASDAQ: PYPL) (“PayPal” or “the Company”) and PayPal’s former parent company, eBay Inc (NASDAQ: EBAY), on behalf of investors who: 1) purchased or otherwise acquired eBay securities on the open market on or after December 19, 2013 (the “eBay Class Period”) and subsequently received PayPal securities pursuant to eBay’s spin-off of PayPal, effective as of July 17, 2015; and/or 2) purchased or otherwise acquired PayPal securities on the open market between July 20, 2015 and April 28, 2016, inclusive (the “PayPal Class Period” and, together with the eBay Class Period, the “Class Period”). PayPal investors have until February 27, 2017 to file a lead plaintiff motion.

If you purchased PayPal Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that PayPal’s Venmo service was engaged in unfair trade practices; the foregoing facts, when they became known, were likely to subject the Company to increased regulatory scrutiny and/or affect the profitability of PayPal’s Venmo service; and as a result of the foregoing, PayPal’s public statements were materially false and misleading at all relevant times.

On April 28, 2016, PayPal revealed that it had received a civil investigative demand on March 28, 2016 from the Federal Trade Commission as part of an investigation to determine whether the Company, through its Venmo service, has engaged in deceptive or unfair practices in violation of the Federal Trade Commission Act.

On this news, NASDAQ: PYPL dropped $0.89 per share to close at $39.18 on April 29, 2016.

If you were negatively impacted by your investment in PayPal Holdings Inc and eBay Inc securities and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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