PayPal Holdings Inc
16 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||PayPal Holdings Inc|
|Stock Symbol :||NASDAQ: PYPL|
|Class Period Start:||02/14/2017|
|Class Period End:||12/01/2017|
|Lead Plaintiff motion:||02/05/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Northern District of California|
Thieler Law Corp advises investors with losses exceeding $100,000 of the February 5, 2018 lead plaintiff deadline in a class action lawsuit filed against PayPal Holdings Inc (NASDAQ: PYPL) (“PayPal” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased PayPal Holdings Inc securities between February 14, 2017 and December 1, 2017, have until February 5, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
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 firstname.lastname@example.org . 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 TIO’s data security program was inadequate to safeguard the personally identifiable information of its users; the foregoing vulnerabilities threatened continued operation of TIO’s platform; PayPal’s revenues derived from its TIO services were thus unsustainable; consequently, PayPal had overstated the benefits of the TIO Acquisition; and as a result, PayPal’s public statements were materially false and misleading at all relevant times.
On December 1, 2017, PayPal revealed that due to security vulnerabilities in its TIO Networks ("TIO") unit, personally identifiable information of approximately 1.6 million TIO users may have been potentially compromised. The Company announced that it has suspended operations of its TIO network while it conducts its investigation.
Following this news, NASDAQ: PYPL fell from $75.30 per share on December 1, 2017 to a closing price of $70.97 on December 4, 2017—a $4.33 or a 5.75% drop.
If you were negatively impacted by your investment in PayPal Holdings Inc securities between February 14, 2017 and December 1, 2017 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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Thieler Law Corp
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