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Xoom Corp (NASDAQ:XOOM) Investor Filed Lawsuit Against Acquisition By PayPal, Inc

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Lawsuit Overview

July 10, 2015 (Shareholders Foundation) - An investor who currently holds shares of Xoom Corp (NASDAQ:XOOM), filed a lawsuit in effort to halt the proposed takeover of Xoom Corp by PayPal, Inc for $25.00 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:XOOM stockholders by agreeing to sell Xoom Corp too cheaply via an unfair process t...



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