Paysafe (US:PSFE) Globenewswire·2026-02-10 17:00Core Viewpoint - A class action lawsuit has been filed against Paysafe Limited and certain officers for alleged violations of federal securities laws during the class period from March 4, 2025, to November 12, 2025, seeking to recover damages for affected investors [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that Paysafe failed to disclose issues related to higher risk Merchant Category Codes, which complicated its client services and banking [3] - It is claimed that these undisclosed issues would likely have a material negative impact on the company's revenue growth and overall revenue mix [3] - The lawsuit asserts that Paysafe was unlikely to meet its previously issued financial guidance for fiscal year 2025 due to these issues [3] - Defendants' positive statements regarding the company's business and prospects were allegedly materially misleading and lacked a reasonable basis [3] Next Steps for Investors - Investors who suffered losses in Paysafe have until April 7, 2026, to request appointment as lead plaintiff in the class action [4] - Participation in any recovery does not require serving as lead plaintiff [4] Legal Representation - Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5] - The firm has a history of recovering hundreds of millions of dollars for investors in securities fraud class actions [6]