Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Paysafe Limited (“Paysafe”) (NYSE: PSFE) f/k/a Foley Trasimene Acquisition Corp. II (“FTAC”) (NYSE: BFT) securities between December 7, 2020 and November 11, 2021, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants misrepresented and/or failed to disclose that: (1) Paysafe was being negatively impacted by gambling regulations in key European markets; (2) Paysafe was encountering performance challenges in its Digital Wallet segment; (3) new eCommerce customer agreements were being pushed back; and (4) as a result, Defendants’ statements about Paysafe’s business, operations, and prospects lacked a reasonable basis at all relevant times.
Current Status of Case:
On March 31, 2025, the Court granted Defendants’ Motion to Dismiss. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.