TMX Newsfile·2026-03-03 20:40Core Viewpoint - Rosen Law Firm is reminding investors who purchased Paysafe Limited securities between March 4, 2025, and November 12, 2025, of the April 7, 2026, deadline to become lead plaintiffs in a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Paysafe securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by April 7, 2026, to serve as lead plaintiff [2]. - The lawsuit alleges that Paysafe made false and misleading statements regarding its business operations, particularly concerning its ecommerce business and credit loss reserves [4]. Group 2: Allegations Against Paysafe - The lawsuit claims that Paysafe had significant exposure to a high-risk client, leading to understated credit loss reserves and write-offs [4]. - It is alleged that Paysafe faced issues with higher risk Merchant Category Codes, complicating its client services [4]. - The aforementioned issues are said to have negatively impacted Paysafe's revenue growth and its ability to meet previously issued financial guidance for fiscal year 2025 [4]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [3].