NEW YORK,
Nov. 30,
2022 /PRNewswire/ -- The Gross Law Firm issues the
following notice to shareholders of PayPal Holdings,
Inc..
Shareholders who purchased shares of PYPL during
the class period listed are encouraged to contact the firm
regarding possible lead plaintiff appointment. Appointment as lead
plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/paypal-holdings-inc-lawsuit-submission-form/?id=34107&from=4
CLASS PERIOD: This lawsuit is on behalf of
all persons or entities who purchased PayPal common stock between
February 3, 2021, and February 1, 2022, inclusive.
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1)
defendants had inflated the Company's vitally important Net New
Active Accounts metric guidance through an usually large use of
marketing campaigns that were easily susceptible to fraud; i.e. the
creation of millions of illegitimate accounts which were created
for the sole purpose of taking advantage of cash incentives for
account creation; (2) defendants used these marketing campaigns and
other incentives to hide the Company's true churn rate and
declining levels of engagement with the platform; and (3) as a
result, defendants' positive statements about the Company's
business, operations, and prospects were materially false and
misleading and /or lacked a reasonable basis at all relevant
times.
DEADLINE: December 5,
2022 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/paypal-holdings-inc-lawsuit-submission-form/?id=34107&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you
register as a shareholder who purchased shares of PYPL during the
timeframe listed above, you will be enrolled in a portfolio
monitoring software to provide you with status updates throughout
the lifecycle of the case. The deadline to seek to be a lead
plaintiff is December 5, 2022. There
is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is
nationally recognized class action law firm, and our mission is to
protect the rights of all investors who have suffered as a result
of deceit, fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm