Paysafe Faces Class Action Over Alleged Misleading Statements to Investors

Reuters
Yesterday
Paysafe Faces Class Action Over Alleged Misleading Statements to Investors

Paysafe Ltd. is facing a class action lawsuit alleging that the company made materially false and misleading statements to investors during the period from March 4, 2025, to November 12, 2025. The complaint claims Paysafe failed to disclose significant risks, including its heavy exposure to a single high-risk client in its ecommerce business and issues related to higher risk Merchant Category Codes, which made client services difficult to bank. It also alleges that the company's credit loss reserves and write-offs were understated, and that these undisclosed issues were likely to negatively impact revenue growth and the company's ability to meet its financial guidance for 2025. As a result, the lawsuit contends that Paysafe's public statements about its business and prospects were misleading or lacked a reasonable basis. The deadline for investors to file a lead plaintiff motion is April 7, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paysafe Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602131208PRIMZONEFULLFEED9654305) on February 13, 2026, and is solely responsible for the information contained therein.

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