SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of PayPal Holdings Inc. (PYPL)

NEW YORK, May 2, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of PayPal Holdings Inc. ("PayPal" or the "Company") (NASDAQ: PYPL). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at [email protected] or 212-697-6484.

This investigation concerns whether PayPal and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On April 28, 2016, PayPal Holdings Inc. announced that federal regulators are investigating its Venmo free peer-to-peer payment service in relation with possible unfair trade practices. PayPal received a civil investigative demand on March 28 from the Federal Trade Commission (the "FTC") for Venmo documents. The FTC review concentrates on whether PayPal, through Venmo, engaged in unfair or deceptive trade practices. The investigation "may result in substantial costs, including legal fees, fines, penalties and remediation expenses and actions and require us to change aspects of the manner in which we operate Venmo." PayPal also announced that it had added roughly 4.5 million new customer accounts in the first quarter and that its profit and sales had exceeded analysts' estimates. Following this news, the company traded lower and closed at $39.18 per share on April 29, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of PayPal, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!pypl/b7a36. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected].  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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