[May 02, 2016] |
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INVESTOR ALERT: Investigation of PayPal Holdings, Inc. Announced by Law Offices of Howard G. Smith
Law Offices of Howard G. Smith announces an investigation on behalf of
investors of PayPal (News - Alert) 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 th 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 protected],
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160502005964/en/
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