The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

PAYPAL INVESTORS REMINDER: 12/5/22 Filing Deadline in Securities Fraud Class Action – Contact Lieff Cabraser

National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP recommends PayPal Holdings, Inc. (“PayPal”) (NASDAQ: PYPL) investors who suffered losses between February 3, 2021 and February 1, 2022 contact our attorneys immediately regarding pending securities fraud class action against PayPal. The deadline to apply to be a lead plaintiff is December 5, 2022.

Class Period: February 3, 2021 – February 1, 2022

Lead Plaintiff Motion Deadline: December 5, 2022

Case information: https://www.lieffcabraser.com/securities/PayPal/

Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358

The securities class action alleges that PayPal made materially false and misleading statements and omissions about the growth in the number of its net new active accounts (“NNAs”) and that the metric was an important indicator of the Company’s performance. PayPal earns a fee with each payment transaction, and therefore, the more active accountholders it has, the more revenues it could generate.

PayPal failed to disclose, however, that millions of the new accounts generated through the Company’s cash incentive marketing program, which increased its NNA numbers, were fraudulent accounts.

The truth was disclosed on February 1, 2022, when PayPal reported disappointing fourth quarter and full year results for 2021, and revealed that 4.5 million accounts were illegitimately created. Paypal reduced its forecast for NNAs and announced that it would focus on increasing the engagement of its active users, which would reduce its ability to maintain growth in its NNA figures. On this news, the price of PayPal common stock fell $43.23 per share, or 24.59%, from its closing price of $175.80 per share on February 1, 2022, to close at $132.57 on February 2, 2022, on unusually high trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with over 100 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $124 billion in verdicts and settlements. Lieff Cabraser is committed to ensuring access to justice for all.

#PAYPAL INVESTORS: December 5, 2022 Filing Deadline in #Securities #ClassAction – Contact Lieff Cabraser #stocknews #PYPL $PYPL

Contacts

Sharon M. Lee

Lieff Cabraser Heimann & Bernstein, LLP

1-800-541-7358

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.