PayPal Investors Face April 20 Deadline To Seek Lead Role In Securities Case

Overview

• A court filing sets the class period as February 25, 2025 through February 2, 2026, and investors must move by April 20 to be considered for lead-plaintiff.
• The case, Goodman v. PayPal Holdings, Inc., No. 26-cv-01381, is pending in the U.S. District Court for the Northern District of California.
• Complaints say PayPal overstated its ability to improve Branded Checkout, downplayed rivals such as Apple Pay, and presented 2027 targets that were not achievable.
• The suits point to February 3, 2026 disclosures when PayPal said CEO Alex Chriss would depart and withdrew its 2027 goals, after which the stock fell about 20% and more than $10 billion in value.
• Hagens Berman, the Law Offices of Howard G. Smith, Kessler Topaz, and Rosen Law Firm are recruiting investors, and the court will later choose a lead plaintiff who sets strategy and selects lead counsel under the securities law process.