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NEW YORK, Aug. 3, 2021 /PRNewswire/ Pomerantz LLP is investigating claims on behalf of investors of (PayPal Holdings, Inc. ( PayPal or the Company ) (NASDAQ: PYPL). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether PayPal and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On July 29, 2021, PayPal filed a quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission ( SEC ), reporting the Company s financial and operating results for the second quarter of 2021. In its quarterly report, PayPal disclosed investigations by the SEC and the Consumer Financial Protection Bureau ( CFPB ). Specifically, PayPal disclosed receipt of Civil Investigative Demands from the CFPB related to Venmo s unauthorized funds transfers and collections processes, and related matter
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