NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced on behalf of investors who (1) purchased or otherwise acquired eBay, Inc. (NASDAQ: EBAY) securities on the open market on or after December 19, 2013 and subsequently received PayPal Holdings, Inc. (NASDAQ: PYPL) securities 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 between July 20, 2015 and April 28, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/paypal-holdings-inc. There is no cost or obligation to you.
According to the complaint, that during the class period PayPal failed to disclose that its Venmo service was engaged in unfair trade practices, which were likely to subject the Company to increased regulatory scrutiny and/or affect the profitability of PayPal’s Venmo service.
On March 28, 2016, PayPal received a civil investigative demand from the Federal Trade Commission, seeking documents related to Venmo’s potential unfair trade practices.
If you suffered a loss in PayPal you have until February 27, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/paypal-holdings-inc.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.