BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of PayPal Holdings, Inc. (“PayPal” or the “Company”) (NASDAQ: PYPL) concerning the Company and its officers’ possible violations of federal securities laws.
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
On April 28, 2016, post-market, PayPal announced that it had received a civil investigative demand on March 28, 2016 from the Federal Trade Commission as part of an investigation to determine whether the Company, through its Venmo service, has engaged in deceptive or unfair practices in violation of the Federal Trade Commission Act.
On this news, PayPal stock fell $0.89 per share to close at $39.18 on April 29, 2016, thereby injuring investors.
If you purchased PayPal securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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