Prnewswire·2026-03-18 22:48Core 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 outlook during the specified class period [1][3][5]. Summary by Relevant Sections Lawsuit Details - The class action lawsuit pertains to investors who purchased PayPal common stock between February 25, 2025, and February 2, 2026, with a deadline of April 20, 2026, to file for lead plaintiff status [1][5]. - The complaint alleges that PayPal's management misrepresented the company's projected revenue and growth, creating a false impression of stability and reliability [3][5]. Stock Performance - On February 3, 2026, PayPal announced a leadership change, replacing its CEO, which coincided with the release of its fourth quarter and full year 2025 earnings report. The company missed consensus estimates for both revenue and profit, leading to a stock price drop of $10.63, or 20.3%, closing at $41.70 per share [4]. Investor Actions - Investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP for recovery options at no cost. They can seek to be appointed as lead plaintiff representatives or remain absent class members [2][8][13].