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PYPL SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of Commencement of a Class …

Fraud Alert:

NEW YORK–(BUSINESS WIRE)–The Law Offices of Vincent Wong announce that a class action lawsuit has
been commenced in the United States District Court for the Northern
District of California on behalf of investors who purchased PayPal
Holdings, Inc. (“PayPal”) (NASDAQ: PYPL) securities between February
14, 2017
and December 1, 2017.

Click here to learn about the case: http://www.wongesq.com/pslra-sb/paypal-holdings-inc-2.
There is no cost or obligation to you.

According to the complaint, throughout the Class Period, the Company
issued materially false and misleading statements and/or failed to
disclose that: (1) TIO’s data security program was inadequate to
safeguard the personally identifiable information of its users; (2) the
vulnerabilities threatened continued operation of TIO’s platform; (3)
PayPal’s revenues derived from its TIO services were thus unsustainable;
(4) consequently, PayPal had overstated the benefits of the TIO
Acquisition; and (5) as a result, PayPal’s public statements were
materially false and misleading at all relevant times. On November 10,
2017, PayPal suspended its TIO services, pending a security review,
stating that it had discovered security vulnerabilities on the TIO
platform and that the TIO data security program did not meet PayPal’s
standards. Then on December 1, 2017, PayPal disclosed that personal
information for roughly 1.6 million TIO users had potentially been
compromised as a result of the previously announced security
vulnerabilities.

If you suffered a loss in PayPal you have until February 5, 2018
to request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Vincent Wong, Esq.
either via email vw@wongesq.com, by
telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sb/paypal-holdings-inc-2.

Vincent Wong, Esq. is an experienced attorney that has represented
investors in securities litigations involving financial fraud and
violations of shareholder rights. Attorney advertising. Prior results do
not guarantee similar outcomes.

Article source: https://www.businesswire.com/news/home/20171228005501/en/PYPL-SHAREHOLDER-ALERT-Law-Offices-Vincent-Wong