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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of PayPal Holdings Inc (NASDAQ: PYPL) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of PayPal Holdings Inc (NASDAQ: PYPL) concerning whether a series of statements by PayPal Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 28, 2016, PayPal disclosed that federal regulators are investigating its Venmo free peer-to-peer payment service in connection with potential unfair trade practices. PayPal revealed receipt of a civil investigative demand on March 28, 2016 from the Federal Trade Commission.
Following this news, NASDAQ: PYPL shares dropped 0.55%, in after-hours trading on April 28, 2016.
Based in San Jose, CA, and founded in 1998 PayPal Holdings Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants.
If you purchased shares of PayPal Holdings Inc (NASDAQ: PYPL), you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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