CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Reminds Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II Shareholders of Securities Fraud Class Action Lawsuit and Encourages Investors with Substantial Losses to Contact the Firm | News

RADNOR, Pa., January 11, 2022 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit against Paysafe Limited (“Paysafe”) (NYSE: PSFE) f/k/a Foley Trasimene Acquisition Corp. II (“FTAC”) (NYSE: BFT). The lawsuit alleges Paysafe’s violations of federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. Paysafe investors have suffered significant losses as a result of Paysafe’s materially misleading statements to the public.

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LIMIT FOR THE PLAINTIFF: February 8, 2022

LESSON: December 7, 2020 through November 10, 2021

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:

James Maro, Esq. (484) 270-1453 or duty free (844) 887-9500 or email info@ktmc.com

PAYSAFES ALLEGED MISCONDUCT

Paysafe headquartered at United Kingdom, provides online businesses, merchants and consumers with digital commerce solutions through its global Paysafe network, enabling users to, among other things, upload, store, withdraw and pay funds from virtual accounts.

on March 30, 2021, Paysafe became a public corporation through a business combination with FTAC. Then further November 11, 2021, Paysafe announced ahead of the market opening that it is downgrading its full-year 2021 revenue guidance. Paysafe performed the revision “[g]Roaming regulations and softness in key European markets and performance challenges impacting the digital wallet segment” and “[t]it has changed the scope and timing of new eCommerce customer agreements relative to the company’s original expectations for those agreements.”

As a result of this news, Paysafe’s share price fell $3.03 per share, or more than 40% $4.24 per share November 11th, 2021.

WHAT CAN I DO?

Paysafe Investors can not later than February 8, 2022, seek to be appointed lead plaintiff representative in the class action by Kessler Topaz Meltzer & Check, LLP or other counsel, or may elect to do nothing and remain an absentee class plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Paysafe investors who have suffered material losses to contact the company directly for more information.

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Who can be a lead plaintiff?

A Lead Plaintiff is a representative party acting on behalf of all Group Members in conducting the litigation. The lead plaintiff is usually the investor or small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and class, and such attorneys, where permitted by the court, are principal or class counsel. Your ability to participate in a recovery will not be affected by the decision whether or not to serve as Lead Plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP

Kessler Topaz Meltzer & Check, LLP is pursuing class action lawsuits in state and federal courts across the country and around the world. The company has earned a global reputation for excellence, recovering billions of dollars from victims of fraud and other corporate wrongdoing. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, wrongdoing and negligence on the part of companies and fiduciaries. At the end of the day, if the bad guys pay and you get your fortune back, we’re done. The action in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. Additional information about Kessler Topaz Meltzer & Check, LLP is available at www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP

James Maro, Jr., Esq.

280 König-von-Prussia-Strasse

Radnor, PA 19087

(844) 887-9500 (toll free)

info@ktmc.com

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SOURCE Kessler Topaz Meltzer & Check, LLP

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