The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of PayPal Holdings, Inc. . The case is currently in the lead plaintiff stage. Investors who purchased PYPL stock or other securities between February 9, 2017 and July 28, 2021 may contact the Thornton Law Firm's investor protection team by visiting for more information. Investors may also email ...

The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of PayPal Holdings, Inc. (NASDAQ: PYPL). The case is currently in the lead plaintiff stage. Investors who purchased PYPL stock or other securities between February 9, 2017 and July 28, 2021 may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.comcasesPayPal for more information. Investors may also email investors@tenlaw.com or call 617-531-3917.

FOR MORE INFORMATION: www.tenlaw.com/cases/PayPal

The case alleges that PayPal and its senior executives made misleading statements to investors and failed to disclose that: (i) PayPal had deficient disclosure controls and procedures; (ii) as a result, PayPal's business practices with respect to PayPal Credit remained non-compliant with applicable laws and regulations; (iii) PayPal's practices regarding payment of interchange rates related to its debit cards were likewise non-compliant with applicable laws and regulations; (iv) accordingly, PayPal's revenues derived from its PayPal Credit and debit card practices were in part the subject of improper conduct and thus unsustainable; and (v) this subjected PayPal to an increased risk of regulatory investigation and enforcement.

Interested PayPal investors have until October 19, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.

FOR MORE INFORMATION: www.tenlaw.com/cases/PayPal

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:

Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/PayPal

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99844

News Provided by Newsfile via QuoteMedia

PayPal Powers Pay Later Offerings for Wix Merchants This Holiday Season

PayPal Holdings Inc. (NASDAQ: PYPL) today announced that Wix (Nasdaq: WIX) merchants can offer PayPal Pay in 4* and PayPal Credit** through a dedicated Pay Later checkout button, as well as present Pay in 4 messaging earlier in the shopping journey. With many businesses expressing optimism this holiday season, PayPal Pay Later solutions provide Wix eCommerce merchants in the U.S. with another way to help maximize this all-important time of year.

Keep reading... Show less

Intuit Accountants Announces New Products and Updates for Tax Year 2021

To help prepare tax professionals for the upcoming tax season, Intuit Accountants shares new tax software updates for ProConnect Tax Online®, ProSeries®, and Lacerte®

Today, Intuit Accountants , from Intuit (NASDAQ: INTU), the global technology platform that makes TurboTax , QuickBooks , Mint , Credit Karma , and Mailchimp , is announcing its latest updates to its products and services including ProConnect Tax Online ® , ProSeries ® , and Lacerte ® for the upcoming tax year. Intuit works each year to offer the most efficient tools for tax professionals.

Keep reading... Show less

PayPal and the Congressional Black Caucus Institute Release New Research Examining the Racial Financial Health Gap

- PayPal Holdings, Inc. (NASDAQ: PYPL) and the Congressional Black Caucus Institute (CBCI), in partnership with two historically Black colleges and universities (HBCUs) Dillard University and Wiley College released new research as part of PayPal's commitment to advancing racial equity. The white paper, titled "Reducing the Racial Financial Health Gap: The Opportunity for Responsible Fintech," addresses the importance of financial health in the Black community and the unique role that financial technology (fintech) companies can play in reducing the financial health and wealth gaps.

The paper was funded as part of PayPal's $535 million commitment announced in June of last year to support Black-owned businesses, strengthen underserved communities and address economic inequality. A critical component of the commitment involves partnering with non-profit and public sector experts to explore the breadth of the racial wealth gap and the potential solutions that the public and private sectors can implement to help close it.

Keep reading... Show less

FIS to Provide Cadence Bank Hosted Core Banking Solution

Key facts:

  • Cadence Bank will transition from an on-premises core banking platform to a FIS-hosted solution.
  • FIS private cloud core banking solution will deliver efficiency, scalability, and a risk-mitigated modernization strategy for the bank.

Keep reading... Show less

Intuit Announces Pricing of Secondary Offering of 1,548,700 Shares of Common Stock

INTUit (the "Company") (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, announced today the pricing of an underwritten secondary offering by certain entities affiliated with Dan Kurzius, co-founder of Mailchimp (the "Selling Stockholder") of 1,548,700 shares of the Company's common stock at a public offering price of $668.95 per share. The shares are expected to be delivered on or about December 1, 2021, subject to customary closing conditions.

The 1,548,700 shares, which represent approximately 15.3% of the shares issued by the Company as partial consideration for the Company's acquisition of The Rocket Science Group LLC (d/b/a Mailchimp), are being sold in order to satisfy certain tax obligations and for estate planning purposes. The Selling Stockholder will receive all of the net proceeds from the offering. The Company is not selling any shares of common stock in the offering and will not receive any proceeds from the offering.

Keep reading... Show less

Intuit Announces Secondary Offering of 1,548,700 Shares of Common Stock

INTUit (the "Company") (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, announced today that certain entities affiliated with Dan Kurzius, co-founder of Mailchimp (the "Selling Stockholder") have commenced an underwritten secondary offering of 1,548,700 shares of the Company's common stock.

The 1,548,700 shares, which represent approximately 15.3% of the shares issued by the Company as partial consideration for the Company's acquisition of The Rocket Science Group LLC (d/b/a Mailchimp), are being sold in order to satisfy certain tax obligations and for estate planning purposes. The Selling Stockholder will receive all of the net proceeds from the offering. The Company is not selling any shares of common stock in the offering and will not receive any proceeds from the offering.

Keep reading... Show less

Top News

Related News