PayPal Investors Get April 20 Deadline to Seek Lead Plaintiff Role in Securities Case
The lawsuit contends PayPal misled on growth and 2027 goals after February 3 disclosures that preceded a steep share drop.
Overview
- A putative class action, Darcy v. PayPal Holdings, Inc., No. 26-cv-01589 (N.D. Cal.), alleges Securities Exchange Act violations by PayPal and certain executives.
- Investors who bought PayPal common stock between February 25, 2025 and February 2, 2026 may move to be lead plaintiff by April 20, 2026.
- The complaint cites PayPal’s February 3, 2026 report of weak Q4 and FY2025 results, deterioration in Branded Checkout, and withdrawal of 2027 targets alongside a CEO transition.
- PayPal’s disclosures included explanations pointing to macroeconomic pressures, competition, and operational and deployment issues, while the suit claims prior statements created a false impression of reliable growth.
- Multiple plaintiff firms, including Robbins Geller, Kessler Topaz Meltzer & Check, and Glancy Prongay Wolke & Rotter, are soliciting investors as the case proceeds in its early stage.