PAYPAL INVESTORS – NOTICE BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS SHAREHOLDERS of Lead Plaintiff Deadline in Class Action Lawsuit Against PayPal Holdings, Inc. (NASDAQ:PYPL)

NEW ORLEANS, LA / ACCESSWIRE / August 24, 2021 / Kahn Swick & Foti, LLC (“KSF”) and KSF Affiliate, former Louisiana Attorney General Charles C. Foti, Jr. remind investors with losses in excess of $ 100,000 made by them byOctober 19, 2021Lead plaintiffs filing a class action lawsuit against PayPal Holdings, Inc. (NASDAQ: PYPL) if they acquired the Company’s securities between February 9, 2017 and July 28, 2021, inclusive (the “Collection Period”) . This lawsuit 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 could affect you and your right to reimbursement of your economic loss, you can contact KSF Managing Partner Lewis Kahn at 1-877-515 free of charge and without obligation -1850 or by email ([email protected]) or visit https://www.ksfcounsel.com/cases/nasdaqgs-pypl/ to learn more. If you want to be the lead plaintiff in this class action lawsuit, you must file a motion with the court October 19, 2021.

About the lawsuit

PayPal and some of its executives are charged with failing to disclose material information during the class action period in violation of federal securities laws.

On July 29, 2021, the company announced that it had received a civil investigation request from the Consumer Financial Protection Bureau regarding “the marketing and use of PayPal credits in connection with certain merchants offering educational services.” The company also announced that it has “responded to subpoenas and requests for information made by the [Securities and Exchange Commission] in relation to whether the interbank rates paid to the bank that issues debit cards with our licensed brands were in compliance with Regulation II of the Board of Governors of the Federal Reserve System; and in relation to the reporting of marketing fees received from the Company’s branded card program became.”

The story goes on

Following this news, PayPal shares plummeted $ 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., No. 21-cv-06468.

About Kahn Swick & Foti, LLC

KSF, partnered with former Louisiana Attorney General Charles C. Foti, Jr., is one of the leading boutique securities litigation firms in the country. KSF serves a large number of clients – including public institutional investors, hedge funds, asset managers and private investors – in reparation for investment losses due to corporate fraud and misconduct by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

CONTACT:
Kahn Swick & Foti, LLC
Lewis Kahn, managing partner
[email protected]
1-877-515-1850
Poydras Str. 1100, suite 3200
New Orleans, LA 70163

SOURCE: Kahn Swick & Foti, LLC

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