Harwood Feffer LLP Announces Investigation of PayPal Holdings, Inc.

NEW YORK, Jan. 5, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of PayPal Holdings, Inc. ("PayPal" or the "Company") (NASDAQ: PYPL) concerning whether the board has breached its fiduciary duties to shareholders.

According to Company disclosures, PayPal received an investigative demand from the Federal Trade Commission in March 2016 in connection with PayPal's Venmo peer-to-peer payment service regarding potential unfair trade practices.  On December 28, 2016, a class action suit was filed against the Company in the U.S. District Court for the Northern District of California alleging securities fraud in connection with the same conduct, C.A. No. 16-cv-7371.

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own PayPal shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:  bsachsmichaels@hfesq.com
Website:   http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP