Feb. 26, 2026
Investors sue PayPal after stock drops 20%
Investors sued PayPal in federal court, alleging executives misled the market about growth prospects and overstated the potential of its branded checkout feature before a 20% stock decline.
A group of investors sued PayPal after its stock fell by more than 20% on Feb. 3, alleging it failed to disclose its true financial outlook.
The complaint, filed by Adam M. Apton of Levi & Korsinsky LLP, claims that PayPal violated the Securities Exchange Act when, on four earnings calls, executives said they were optimistic about the company's financial position and room for growth.
The complaint alleges PayPal violated Section 10(b) of the Securities Exchange Ac...
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