NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of PayPal Holdings, Inc. (NASDAQ:PYPL) resulting from allegations that PayPal may have issued materially misleading business information to the investing public.
On December 1, 2017, after the market closed, PayPal disclosed that personally identifiable information for approximately 1.6 million customers of TIO Networks, a payment processor PayPal acquired in July 2017, had potentially been compromised as a result of previously announced security vulnerabilities. On this news, shares of PayPal fell $4.33 per share or 5.75% from its previous closing price to close at $70.97 per share on December 4, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by PayPal investors. If you purchased shares of PayPal, please visit the firm’s website at http://www.rosenlegal.com/cases-1251.html for more information. You may also 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.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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