PayPal CEO and CFO named as individual defendants in securities class action

Reuters03-11

<a href="https://laohu8.com/S/PYPL">PayPal</a> CEO and CFO named as individual defendants in securities class action

A securities class action has been filed against PayPal and two senior executives in the U.S. District Court for the Northern District of California, covering a class period from Feb. 25, 2025 to Feb. 2, 2026. The suit includes control-person claims under Section 20(a) of the Securities Exchange Act of 1934, tied to alleged violations of Section 10(b). The complaint names former CEO James Chriss and CFO Jamie Miller, alleging they had authority over PayPal’s SEC filings and investor communications. PayPal shares fell USD 10.63, a 20% single-day decline, after the company disclosed disappointing results and withdrew its 2027 targets on Feb. 3, 2026. The announcement is available at PRNewswire release.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PayPal Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603110900PR_NEWS_USPR_____NY07494) on March 11, 2026, and is solely responsible for the information contained therein.

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