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PayPal Dodges Stock-Drop Suit Over Data Breach

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > PayPal Dodges Stock-Drop Suit Over Data Breach

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 Thursday.

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