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Kang v. PayPal Holdings, Inc et al
Case Number:
3:21-cv-06468
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Frederick M. Lehrer Attorney at Law
- Freedman Normand
- Labaton Keller
- Orrick Herrington
- Paul Weiss
- Pomerantz LLP
Companies
Sectors & Industries:
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April 28, 2023
PayPal Beats Investor Suit Over Federal Probe For Good
A California judge tossed with prejudice a suit accusing PayPal and its executives of misleading investors about federal investigations into some of its credit and debit products, ruling the latest version of the complaint failed to show misrepresentation or violations of a consent order.
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November 07, 2022
PayPal Slams Investors' Latest Suit Over Federal Probes
PayPal has urged a California federal court to toss the latest version of a securities class action accusing the financial company and its executives of misleading investors about federal investigations into some of its credit and debit products, arguing the investors have rehashed previously rejected arguments.
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August 08, 2022
PayPal Beats Investors' Suit Over Federal Probes, For Now
A California federal judge on Monday tossed for now a proposed securities class action accusing PayPal and its executives of misleading investors about two federal investigations into some of its credit and debit products, saying the complaint doesn't plausibly allege that the financial company misrepresented anything.
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August 03, 2022
PayPal Hit With Del. Derivative Suit Over Compliance Issues
A PayPal Holdings Inc. shareholder hit the Silicon Valley-based digital payments provider with a derivative suit in Delaware Chancery Court on Tuesday, alleging its top brass breached their fiduciary duties by falsely touting the company's "strong risk and compliance infrastructure" when internal control deficiencies had triggered multiple federal investigations.
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April 19, 2022
PayPal Asks Judge To Toss Investors' Suit Over Stock Drop
PayPal has asked a federal judge to toss a potential class action alleging that it misled investors about two federal Investigations into some of its credit and debit products, saying investors weren't misled and the company responded as soon as its documents were subpoenaed.
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August 23, 2021
PayPal Hit With Investor Suit Amid Investigation, Stock Drop
PayPal has been hit with a proposed securities class action in California federal court by an investor who claims its executives hid the fact that its business, operations and compliance policies were not in line with state and federal laws and regulations, leading to an investigation and drop in the company's stock price.