Paysafe (US:PSFE) Globenewswire·2026-03-13 13:00Core Viewpoint - The Gross Law Firm is notifying shareholders of Paysafe Limited (NYSE: PSFE) about a class action lawsuit related to misleading statements and undisclosed risks during a specified class period [1][3]. Group 1: Allegations - The complaint alleges that during the class period from March 4, 2025, to November 12, 2025, Paysafe's ecommerce business had significant exposure to a single high-risk client [3]. - It is claimed that the company's credit loss reserves and/or write-offs were understated due to this exposure [3]. - The complaint also states that Paysafe had undisclosed issues with higher risk merchant category codes, complicating its client services [3]. - These issues are likely to have a material negative impact on the company's revenue growth and overall revenue mix [3]. - As a result of these factors, Paysafe was unlikely to meet its previously issued financial guidance for fiscal year 2025 [3]. - The defendants' positive statements about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [3]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is April 7, 2026 [4]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive status updates throughout the case [4]. - There is no cost or obligation for shareholders to participate in this case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [5].