NEW ORLEANS, October 16, 2021– (COMMERCIAL THREAD) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they only have up to October 19, 2021 to file principal plaintiff claims in a securities class action lawsuit against PayPal Holdings, Inc. (NasdaqGS: PYPL), if they purchased the securities of the Company between February 9, 2017 and July 28, 2021 inclusive (the â Recourse period â). This action is pending in the United States District Court for the Northern District of California.
What you can do
If you have purchased securities from PayPal and would like to discuss your legal rights and how this matter might affect you and your right to recover your economic loss, you can, without obligation or cost to you, contact Lewis Kahn free of charge. , managing partner of KSF. at 1-877-515-1850 or by email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-pypl/ to learn more. If you wish to act as the principal plaintiff in this class action by supervising the principal lawyer for the purpose of obtaining a fair and equitable resolution, you must request this position by making a request to the Court by October 19, 2021.
About the trial
PayPal and some of its officers are accused of failing to disclose material information during the Class Period, in violation of federal securities laws.
On July 29, 2021, the Company disclosed that it had received a civil investigation request from the Consumer Financial Protection Bureau regarding “the marketing and use of PayPal credit in connection with certain merchants who provide educational services.” Further, the Company disclosed that it had “responded to subpoenas and inquiries received from the [Securities and Exchange Commission] regarding whether the interchange rates paid to the bank that issues debit cards bearing our licensed marks complied with Governing Council Regulation II of the Federal Reserve System, and the reporting of marketing generated by the Company’s branding card program. “
On this news, PayPal shares fell $ 18.81 per share, or 6.23%, to close at $ 283.17 per share on July 29, 2021.
The case is Kang v. PayPal Holdings, Inc., et al, 21-cv-06468.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or embezzlement committed by listed companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211015005646/en/
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner