Levi & Korsinsky Notifies Shareholders of a Complaint Filed in U.S. District Court to Recover Losses Suffered by Investors in PayPal (PYPL)

January 17, 2017 - By: Baystreet Staff


Lead Plaintiff Deadline of February 27, 2017

Levi & Korsinsky, LLP announced that a class action has commenced in the USDC for the Northern District of California on behalf of purchasers of eBay, Inc. (NASDAQ: EBAY) securities on or after December 19, 2013 who subsequently received PayPal Holdings, Inc. (NASDAQ: PYPL) securities pursuant to the eBay spin-off of PayPal, effective as of July 17, 2015, and/or shareholders who acquired PayPal Holdings, Inc. shares between July 20, 2015 and April 28, 2016.

The complaint alleges that during the class period PayPal failed to disclose that its Venmo service was engaged in unfair trade practices, which were likely to subject the Company to increased regulatory scrutiny and/or affect the profitability of PayPal’s Venmo service.

On March 28, 2016, PayPal received a civil investigative demand from the Federal Trade Commission, seeking documents related to Venmo’s potential unfair trade practices. To get more information go to: http://zlk.9nl.com/paypal

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Take Action: if you suffered a loss in PayPal you have until February 27, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky LLP encourages anyone with information regarding PayPal’s conduct to contact us, including whistleblowers, former employees, shareholders and others.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

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