UK markets closed
  • FTSE 100

    7,063.40
    +11.92 (+0.17%)
     
  • FTSE 250

    23,608.63
    -0.16 (-0.00%)
     
  • AIM

    1,268.72
    +1.74 (+0.14%)
     
  • GBP/EUR

    1.1715
    +0.0054 (+0.46%)
     
  • GBP/USD

    1.3710
    +0.0029 (+0.21%)
     
  • BTC-GBP

    31,582.42
    -204.07 (-0.64%)
     
  • CMC Crypto 200

    1,078.81
    -22.71 (-2.06%)
     
  • S&P 500

    4,441.45
    -14.03 (-0.31%)
     
  • DOW

    34,922.27
    +124.27 (+0.36%)
     
  • CRUDE OIL

    75.31
    +1.33 (+1.80%)
     
  • GOLD FUTURES

    1,752.50
    +0.80 (+0.05%)
     
  • NIKKEI 225

    30,240.06
    -8.75 (-0.03%)
     
  • HANG SENG

    24,208.78
    +16.62 (+0.07%)
     
  • DAX

    15,573.88
    +42.13 (+0.27%)
     
  • CAC 40

    6,650.91
    +12.45 (+0.19%)
     

PAYPAL ALERT: Bragar Eagel & Squire, P.C. is Investigating PayPal Holdings, Inc. on Behalf of PayPal Stockholders and Encourages Investors to Contact the Firm

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

NEW YORK, August 05, 2021--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PayPal Holdings, Inc. ("PayPal" or the "Company") (NASDAQ: PYPL) on behalf of PayPal stockholders. Our investigation concerns whether PayPal has violated the federal securities laws and/or engaged in other unlawful business practices.

Click here to participate in the action.

On July 29, 2021, PayPal filed a quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission ("SEC"), reporting the Company's financial and operating results for the second quarter of 2021. In its quarterly report, PayPal disclosed investigations by the SEC and the Consumer Financial Protection Bureau ("CFPB"). Specifically, PayPal disclosed receipt of Civil Investigative Demands from the CFPB "related to Venmo's unauthorized funds transfers and collections processes, and related matters" and "to the marketing and use of PayPal Credit in connection with certain merchants that provide educational services"; and that the Company has "responded to subpoenas and requests for information received from the [SEC] relating to whether the interchange rates paid to the bank that issues debit cards bearing our licensed brands were consistent with Regulation II of the Board of Governors of the Federal Reserve System, and to the reporting of marketing fees earned from the Company's branded card program."

On this news, PayPal's stock price fell $18.81 per share, or 6.23%, to close at $283.17 per share on July 29, 2021.

If you purchased or otherwise acquired PayPal shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210804006188/en/

Contacts

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting