NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of PayPal Holdings, Inc. (NASDAQ:PYPL) concerning possible violations of federal securities laws.
On July 18, 2017, PayPal announced it had completed its acquisition of TIO Networks (“TIO”), a multi-channel bill processor. Then on November 10, 2017, PayPal suspended its TIO services, pending a security review, stating that it had discovered security vulnerabilities on the TIO platform and that the TIO data security program did not meet PayPal’s standards. Then on December 1, 2017, PayPal disclosed that personal information—including names, addresses, bank-account details, and Social Security Numbers—for roughly 1.6 million TIO users had potentially been compromised.
If you suffered a loss in PayPal and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/PYPL-Info-Request-Form-231.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.