According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- Paysafe’s ecommerce business had significant exposure to a single high risk client;
- as a result, Paysafe’s credit loss reserves and/or write-offs were understated;
- Paysafe had an undisclosed issue with higher risk Merchant Category Codes, making its client services difficult to bank;
- the foregoing issues were likely to have a material negative impact on Paysafe’s revenue growth and overall revenue mix;
- as a result, Paysafe was unlikely to meet its own previously issued financial guidance for fiscal year 2025; and
- as a result of the foregoing, defendants’ positive statements about Paysafe’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising. Prior results do not guarantee a similar outcome.
