Core Viewpoint - A class action lawsuit has been filed against PayPal Holdings, Inc. for allegedly misleading investors about its Branded Checkout offerings and growth projections [1] Group 1: Allegations and Lawsuit Details - The lawsuit claims that PayPal misrepresented its revenue outlook and growth potential while downplaying risks associated with seasonality and macroeconomic factors [1] - The complaint indicates that the growth targets set for 2027 were unrealistic and not achievable under the leadership of former CEO Chriss [1] - Following the release of disappointing financial results on February 3, 2026, PayPal's stock price dropped from $52.33 to $41.70, a decline of approximately 20.31% in one day [1] Group 2: Company Leadership Changes - The announcement of disappointing financial results coincided with the news that Enrique Lores would replace Chriss as President and CEO, effective March 1, 2026 [1] Group 3: Class Action Participation - Shareholders who purchased PayPal securities between February 25, 2025, and February 2, 2026, may be eligible to participate in the class action [1] - Interested shareholders can contact Robbins LLP to serve as lead plaintiff or remain as absent class members without participating in the case [1]
PYPL Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against PayPal Holdings, Inc.