GlobeNewswire Inc | Oct 16, 2021 10:44AM EDT

October 16, 2021

RADNOR, Pa., Oct. 16, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds PayPal Holdings, Inc. (NASDAQ: PYPL) (PayPal) investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Northern District of California against PayPal on behalf of those who purchased or acquired PayPal securities between February 9, 2017 and July 28, 2021, inclusive (the Class Period).

CLICK HERE TO SUBMIT YOUR PAYPAL LOSSES

LEAD PLAINTIFF DEADLINE: October 19, 2021

CLASS PERIOD: February 9, 2017 through July 28, 2021

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS James Maro, Esq. (484) 270-1453 or Toll Free (844) 887-9500 or via email at info@ktmc.com

PAYPALS ALLEGED MISCONDUCTPayPal is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. PayPals services include PayPal Credit and certain debit card services.

The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) PayPal had deficient disclosure controls and procedures; (2) as a result, PayPals business practices with respect to PayPal Credit remained non-compliant; (3) PayPals practices regarding payment of interchange rates related to its debit cards were likewise non-compliant with applicable laws and/or regulations; (4) accordingly, PayPals revenues derived from its PayPal Credit and debit card practices were in part the subject of improper conduct and thus unsustainable; (5) all the foregoing subjected PayPal to an increased risk of regulatory investigation and enforcement; and (6) as a result, PayPals public statements were materially false and misleading at all relevant times.

WHAT CAN I DO?PayPal investors may, no later than October 19, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer& Check, LLP encourages Hyzon investors who have suffered significant losses to contact the firm directly to acquire more information.

WHO CAN BE A LEAD PLAINTIFF?A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Because Kessler Topaz Meltzer & Check, LLP prosecutes class actions on a contingency fee basis, there are no out-of-pocket fees or expenses paid by the lead plaintiff, regardless of the outcome of the case. If we are successful in obtaining a recovery for the class, we will apply to the court for a fee that fairly represents the work performed and risk assumed. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

CLICK HERE TO SIGN UP FOR THE CASE

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. At the end of the day, we have succeeded if the bad guys pay up, and if you recover your assets. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACTKessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500 (toll free)info@ktmc.com