An investigation for investors in NASDAQ:PYPL shares over potential securities laws violations by Paypal Holdings was announced and NASDAQ:PYPL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/03/2016 -- An investigation on behalf of investors of Paypal Holdings Inc over potential securities laws violations by Paypal Holdings in connection certain financial statements was announced.
Investors who purchased shares of Paypal Holdings Inc (NASDAQ:PYPL), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Paypal Holdings Inc (NASDAQ:PYPL) concerning whether a series of statements by Paypal Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Paypal Holdings Inc reported that its annual Total Revenue rose from over $8.02 billion in 2014 to over $9.24 billion in 2015 and that its respective Net Income increased from $419 million to over $1.22 billion.
On April 28, 2016, Paypal Holdings Inc reported its financial results or the quarter ended on March 31, 2016. Among other things, Paypal Holdings Inc disclosed that it received a Civil Investigative Demand ("CID") from the Federal Trade Commission ("FTC") as part of its investigation to determine whether Paypal Holdings Inc, through its Venmo service, have been or are engaged in deceptive or unfair practices in violation of the Federal Trade Commission Act. Paypal Holdings Inc said that the CID requests the production of documents and answers to written questions related to its Venmo servicem and that the CID could lead to an enforcement action and/or one or more consent orders, which may result in substantial costs, including legal fees, fines, penalties, and remediation expenses and actions, and could require Paypal Holdings Inc to change aspects of the manner in which it operates Venmo.
Shares of Paypal Holdings Inc (NASDAQ:PYPL) closed on April 29, 2016 at $39.18 per share.
Those who purchased shares of Paypal Holdings Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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