Kessler Topaz Meltzer & Check, LLP - PayPal Holdings, Inc. (PYPL) Class Action Lawsuit: Investors Face April 20, 2026, Deadline
PayPalPayPal(US:PYPL) Globenewswire·2026-02-21 16:24

Core Viewpoint - A securities fraud class action lawsuit has been filed against PayPal Holdings, Inc. for allegedly making materially false and misleading statements regarding its business operations and revenue projections during the specified class period [2][4][7]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Northern District of California, titled Goodman v. PayPal Holdings, Inc., with a class period from February 25, 2025, to February 2, 2026 [2][4][7]. - Investors have until April 20, 2026, to file for lead plaintiff status [2][6][7]. Allegations - The complaint alleges that PayPal's management misrepresented the company's revenue outlook and growth potential while downplaying risks associated with seasonality and macroeconomic factors [4][7]. - It is claimed that the optimistic growth plans were unrealistic and not achievable under the current CEO's leadership [4]. Stock Performance - Following a surprise leadership change and a disappointing earnings report on February 3, 2026, PayPal's stock price dropped by $10.63, or 20.3%, closing at $41.70 per share [5]. Investor Actions - Investors can seek to be appointed as lead plaintiffs by the April 20, 2026 deadline, or they may choose to remain absent class members [6][8]. - Kessler Topaz Meltzer & Check, LLP offers free case evaluations and operates on a contingency fee basis [8][10].