January 19, 2018
A California federal judge on Thursday granted PayPal's bid to dismiss a proposed shareholder class action stemming from a Federal Trade Commission investigation into the company's Venmo app, saying the shareholders failed to show PayPal's board faced a substantial likelihood of liability on any claims.
December 14, 2017
A California federal judge said Thursday he'll likely dismiss a proposed PayPal shareholder class action stemming from a Federal Trade Commission investigation into the company's Venmo app, saying he didn't see evidence the majority of the company's board members had breached their fiduciary duty.