NEW
YORK, Nov. 16, 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=33726&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=33726&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