Lawsuit filed for Investors in shares of Paysafe Limited (NYSE: PSFE)

An investor, who purchased shares of Paysafe Limited (NYSE: PSFE), filed a lawsuit over alleged violations of Federal Securities Laws by Paysafe Limited.

Investors who purchased shares of Paysafe Limited (NYSE: PSFE) have certain options and for certain investors are short and strict deadlines running. Deadline: February 8, 2022. NYSE: PSFE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Bermuda based Paysafe Limited provides digital commerce solutions to online businesses, SMB merchants, and consumers through its Paysafe Network worldwide.

On March 30, 2021, Paysafe Limited became a public entity via business combination with FTAC.

On November 10, 2021, Paysafe Limited reported third-quarter earnings for 2021. Revenue was $353.6 million, a decrease of 1% from the prior-year quarter. Paysafe also guided revenue and profit forecast down for the balance of the year.

Shares of Paysafe Limited (NYSE: PSFE) declined from $8.02 per share on November 8, 2021, to $4.11 per share on November 11, 2021.

According to the complaint the plaintiff alleges on behalf of purchasers of Paysafe Limited (NYSE: PSFE) common shares between December 7, 2020 and November 10, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 7, 2020 and November 10, 2021, the defendants failed to disclose to investors that that Paysafe was being negatively impacted by certain regulations in key European markets, that Paysafe was encountering performance challenges in its Digital Wallet segment, that new eCommerce customer agreements were being pushed back, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Paysafe Limited (NYSE: PSFE) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.