April 28, 2023
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.
November 07, 2022
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.
August 08, 2022
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.
August 03, 2022
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.
April 19, 2022
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.
August 23, 2021
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.