PAYPAL: Rosen Law Firm Reminds PayPal Holdings, Inc. Investors of Feb. 27 Deadline in Class Action – PYPL, EBAY

09-02-2017

NEW YORK, Feb. 09, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, reminds persons or entities who: (1) purchased or otherwise acquired eBay, Inc. securities (NASDAQ:EBAY) on the open market on or after December 19, 2013 (the “eBay Class Period”) and subsequently received PayPal Holdings, Inc. securities (NASDAQ:PYPL) pursuant to eBay’s spin-off of PayPal, effective as of July 17, 2015; and/or (2) purchased or otherwise acquired PayPal securities  on the open market from July 20, 2015 through April 28, 2016, both dates inclusive (the “PayPal Class Period” and, together with the eBay Class Period, the “Class Period”) of the important February 27, 2017 lead plaintiff deadline. The lawsuit seeks to recover damages for PayPal investors under the federal securities laws.

To join the PayPal class action, go to http://www.rosenlegal.com/cases-1024.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) PayPal's Venmo service was involved in unfair trade practices; (2) once the above facts were made public, it was likely to impact PayPal’s profitability of its Venmo service and increase regulatory scrutiny; and/or (3) consequently, PayPal's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 27, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1024.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com. Attorney Advertising.  Prior results do not guarantee a similar outcome.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contact Information:
      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      Kevin Chan, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      kchan@rosenlegal.com
      www.rosenlegal.com

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