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Sgarlata v. PayPal Holdings, Inc. et al
Case Number:
3:17-cv-06956
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 19, 2019
PayPal Again Defeats Stock-Drop Suit Over Data Breach
PayPal Holdings Inc. escaped its investors' stock-drop suit for good after a California federal judge found that while the payment processor made misleading statements about a data breach, there was no evidence that it did so on purpose.
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December 14, 2018
PayPal Dodges Stock-Drop Suit Over Data Breach
PayPal Holdings Inc. and its executives escaped a proposed shareholder class action accusing the company of concealing a data breach, which allegedly led to a stock drop when the hack was revealed, after a California federal judge dismissed the investors' complaint.
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September 20, 2018
PayPal Investors Face Skeptical Judge In Hack Class Action
A California federal judge seemed skeptical Thursday about whether a proposed class of PayPal shareholders' data breach suit could move forward, saying his "biggest issue" was the suit's reliance on confidential witnesses, whose allegations were "pretty amorphous," especially when it came to showing the company knowingly hid the breach in an early press release.
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August 14, 2018
Investors Say PayPal Covered Up Data Breach Of Acquired Co.
Shareholders trying to persuade a federal judge in California not to dismiss their class action claiming PayPal hid a serious data breach are equating the company's initial public portrayal of the breach as a "security vulnerability" to being "a little pregnant."
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July 16, 2018
PayPal, Execs Look To Boot Investors' Data Breach Suit
PayPal Holdings Inc. and its top brass dug into a putative shareholder class action on Friday blaming them for a data breach at a newly acquired subsidiary, telling a California federal judge that investors couldn't show they'd been intentionally misled given the company's transparency about network vulnerabilities.
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December 06, 2017
PayPal Investor Sues Over Likely Breach That Tanked Stocks
A PayPal shareholder hit the company with a proposed investor class action Wednesday in California federal court accusing the company of hiding the potential for a data breach at a payment processor subsidiary that was disclosed last week and sparked a "precipitous" stock drop.