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In Re Paypal Holdings, Inc. Shareholder Derivative Litigation
Case Number:
3:17-cv-00162
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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January 19, 2018
PayPal Ducks Shareholder Suit Over FTC Venmo Inquiry
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.
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December 14, 2017
PayPal Investor Suit Linked To FTC Inquiry On Thin Ice
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.