NEW YORK–(BUSINESS WIRE)–The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Paysafe Limited (“Paysafe” or the “Company”) (NYSE:PSFE) securities during the period of March 4, 2025 through November 12, 2025, inclusive (“the Class Period”).
If you suffered a loss on your Paysafe investments, you have until April 7, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:
[CONTACT THE FIRM IF YOU SUFFERED A LOSS]
What Is This Lawsuit About? The lawsuit alleges that Defendants failed to disclose that: (1) Paysafe’s ecommerce business had significant exposure to a single high risk client; (2) as a result, the Company’s credit loss reserves and/or write-offs were understated; (3) Paysafe had an undisclosed issue with higher risk Merchant Category Codes, making its client services difficult to bank; (4) the foregoing issues were likely to have a material negative impact on the Company’s revenue growth and overall revenue mix; (5) as a result, Paysafe was unlikely to meet its own previously issued financial guidance for fiscal year 2025.
On November 13, 2025, Paysafe released its third quarter 2025 financial results, missing revenue and EPS estimates, explaining that the Company “had a last-minute client that had to shut down that caused a several-million-dollar write-down.”
On the same date, the Company filed its Condensed Consolidated Financial Statements as of September 30, 2025 on a Form 6-K with the SEC. The report revealed that the Company’s credit loss expense for the three months ended September 30, 2025 was $13,220 “primarily [as] the result of a specific provision for expected charge backs related to an individual merchant in the Merchant Solutions segment.” The report further revealed write-offs for the three months ended September 30, 2025 was $9,924 “driven by the write off of irrecoverable amounts receivable in the Merchant Solutions segment.” On this news, the price of Paysafe shares declined by $2.80 per share, or approximately 27.6%, from $10.16 per share on November 12, 2025 to close at $7.36 on November 13, 2025.
[LEARN MORE ABOUT THE LAWSUIT]
The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.
[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]
What Should I Do? If you purchased or otherwise acquired Paysafe securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
[email protected]
