Kessler Topaz Meltzer & Check, LLP Alerts Investors of Lead Plaintiff Deadline in Securities Fraud Class Action Lawsuit against Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II

RADNOR, PA / ACCESSWIRE / December 20, 2021 / Law firm Kessler Topaz Meltzer & Check, LLP informs investors that Paysafe Limited (“Paysafe”) (NYSE: PSFE) f / k / a Foley Trasimene Acquisition Corp. II (“FTAC” has filed a securities class action) (NYSE: BFT). The lawsuit accuses Paysafe of violating US securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. As a result of Paysafe’s materially misleading statements to the public, Paysafe investors have suffered significant losses.

TO WATCH OUR VIDEO, PLEASE CLICK HERE

CLICK HERE TO SUBMIT YOUR PAYSAFE LOSSES

Lead plaintiff deadline: February 8, 2022

CLASS PERIOD: December 7th, 2020 to November 10th, 2021

CONTACT A LAWYER TO DISCUSS YOUR RIGHTS: James Maro, Esq. (484) 270-1453 or toll free (844) 887-9500 or email at [email protected]

PAYSAFE’SSPECIFIED FAULT BEHAVIOR

Headquartered in the UK, Paysafe provides online businesses, merchants and consumers worldwide digital commerce solutions through its Paysafe network that enable users, among other things, to upload, store, withdraw and pay for funds and from virtual accounts.

On March 30, 2021, Paysafe became a public entity through a business combination with FTAC. Then, on November 11, 2021, ahead of the market opening, Paysafe announced that it had revised its sales forecast for the full year 2021 downwards. Paysafe wrote the revision “[g]varied regulations and softness in key European markets and performance challenges impacting the digital wallet segment “and”[t]he changed the size and timing of new eCommerce customer contracts in relation to the company’s original expectations of those contracts. “

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

WHAT CAN I DO?

Paysafe investors can no later than February 8, 2022, seek to be appointed as lead class agent through Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Paysafe investors who have suffered significant losses to contact the company directly for more information.

The story goes on

CLICK HERE SIGN IN IN CASE

Who can be a lead plaintiff?

A lead plaintiff is a representative party who acts on behalf of each of the class plaintiffs in the conduct of the dispute. The main 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 an attorney to represent the lead plaintiff and the group, and those attorneys, if approved by the court, are lead or class plaintiffs. Your ability to participate in a recovery will not be affected by whether or not you wish to be the lead plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP

Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts across the country and worldwide. The company has earned a worldwide reputation for excellence and reclaimed millions of dollars for victims of corporate fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and trustees. Ultimately, we succeeded if the bad guys pay and you get your wealth back. The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:
Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
280 König-von-Preußen-Strasse
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

SOURCE: Kessler Topas Meltzer & Check, LLP

View source version on accesswire.com:
https://www.accesswire.com/678308/Deadline-Alert-Kessler-Topaz-Meltzer-Check-LLP-Alerts-Investors-of-Lead-Plaintiff-Deadline-in-Securities-Fraud-Class-Action-Lawsuit- v-Paysafe-Limited-fka-Foley-Trasimene-Acquisition-Corp-II

Comments are closed.