Class Action Lawsuit Filed Against Paysafe
The Gross Law Firm has issued a notice to shareholders regarding a class action lawsuit filed against Paysafe Limited (NYSE: PSFE). The suit seeks to recover losses for investors who purchased shares during a specified class period. Shareholders are being encouraged to contact the firm regarding potential lead plaintiff appointment.
- The lawsuit alleges that Paysafe failed to disclose its significant exposure to a single high-risk client in its e-commerce business. - This exposure allegedly led to understated credit loss reserves and write-offs. - The company also faced undisclosed issues with higher-risk Merchant Category Codes, which made it difficult to secure banking for its client services. - On November 13, 2025, Paysafe announced its third-quarter financial results, revealing a net loss of $87.7 million and lowered its full-year revenue guidance. - Following this announcement, Paysafe's stock price dropped by $2.80, or 27.6%, to close at $7.36 per share on November 13, 2025. - The class period for this lawsuit covers investors who purchased Paysafe securities between March 4, 2025, and November 12, 2025. - Multiple law firms, including The Gross Law Firm, Robbins Geller, Kirby McInerney LLP, and Rosen Law Firm, have filed class-action lawsuits. - This is not the first class-action lawsuit filed against Paysafe; a previous suit covered the period between December 7, 2020, and November 10, 2021, for different allegations.
