PayPal(US:PYPL) Globenewswire·2026-02-17 23:51Core Viewpoint - The PayPal class action lawsuit alleges that the company and certain executives misled investors regarding the company's revenue outlook and growth potential during the Class Period from February 25, 2025, to February 2, 2026 [1][3]. Group 1: Lawsuit Details - The lawsuit, titled Goodman v. PayPal Holdings, Inc., claims violations of the Securities Exchange Act of 1934 by PayPal and its executives [1]. - The class action seeks to represent purchasers or acquirers of PayPal common stock during the specified Class Period [1][2]. - Allegations include creating a false impression of reliable revenue projections and downplaying risks associated with seasonality and macroeconomic factors [3]. Group 2: Financial Performance - On February 3, 2026, PayPal announced disappointing financial results for Q4 and the full fiscal year 2025, which included a decline in Branded Checkout performance and the withdrawal of previously set 2027 financial targets [4]. - The company attributed its poor performance and lowered guidance to macroeconomic factors, competition, and operational issues across all regions [4]. - Following the announcement, PayPal's stock price reportedly fell by more than 20% [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased PayPal common stock during the Class Period to seek appointment as lead plaintiff in the lawsuit [5]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [6]. - The firm has a strong track record, recovering a total of $8.4 billion for investors over the past five years, significantly more than any other law firm [6].