PayPal Faces Securities Class Action After CEO Ouster With April 20 Lead-Plaintiff Deadline

Overview

• Hagens Berman reports that Goodman v. PayPal, No. 26-cv-01381, has been filed in the U.S. District Court for the Northern District of California.
• The proposed class covers investors who purchased PayPal common stock from February 25, 2025 through February 2, 2026.
• The complaints contend PayPal overstated Branded Checkout progress, misrepresented salesforce readiness, and promoted financial targets for 2027 that were not attainable.
• On February 3, 2026, PayPal missed Q4 and full-year 2025 estimates, withdrew its 2027 targets, announced CEO Alex Chriss’s immediate departure, and acknowledged execution shortfalls in Branded Checkout.
• PayPal’s shares fell about 20% to $41.70 on February 3, 2026, and firms including Hagens Berman and Kessler Topaz are soliciting investors to seek lead-plaintiff status by April 20, 2026.