Paysafe (US:PSFE) Prnewswire·2026-03-03 14:00Core Viewpoint - The Gross Law Firm is notifying shareholders of Paysafe Limited (NYSE: PSFE) about a class action lawsuit due to alleged misleading statements and undisclosed risks during the class period from March 4, 2025, to November 12, 2025 [1] Summary by Relevant Sections Allegations - The complaint alleges that Paysafe's ecommerce business had significant exposure to a single high-risk client [1] - It is claimed that the company's credit loss reserves and/or write-offs were understated [1] - Paysafe reportedly had undisclosed issues with higher risk merchant category codes, complicating its client services [1] - These issues are likely to have a material negative impact on the company's revenue growth and overall revenue mix [1] - As a result of these factors, Paysafe was unlikely to meet its previously issued financial guidance for fiscal year 2025 [1] - The defendants' positive statements about the company's business, operations, and prospects were allegedly materially misleading and/or lacked a reasonable basis [1] Next Steps for Shareholders - Shareholders who purchased shares of PSFE during the specified timeframe are encouraged to register for the class action [1] - Registration will include enrollment in a portfolio monitoring software to provide status updates throughout the case [1] - The deadline to seek lead plaintiff status is April 7, 2026, with no cost or obligation to participate [1] Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors affected by deceit, fraud, and illegal business practices [1] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [1]