An investigation on behalf of current long term investors in PayPal Holdings, Inc. (NASDAQ:PYPL) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 11/17/2021 -- Certain directors of PayPal Holdings, Inc are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in PayPal Holdings, Inc. (NASDAQ: PYPL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: PYPL stocks follows a lawsuit filed against PayPal Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PYPL stocks, concerns whether certain PayPal Holdings directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that PayPal had deficient disclosure controls and procedures, that as a result, PayPal's business practices with respect to PayPal Credit remained non-compliant with applicable laws and/or regulations, that PayPal's practices regarding payment of interchange rates related to its debit cards were likewise non-compliant with applicable laws and/or regulations, that accordingly, PayPal's revenues derived from its PayPal Credit and debit card practices were in part the subject of improper conduct and thus unsustainable, that all the foregoing subjected the Company to an increased risk of regulatory investigation and enforcement, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of PayPal Holdings, Inc. (NASDAQ: PYPL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.