CLICK HERE TO SUBMIT YOUR PAYSAFE LOSSES
PRINCIPAL COMPLAINANT DEADLINE: February 8, 2022
COURSE PERIOD: December 7, 2020 through November 10, 2021
CONTACT A LAWYER TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Free (844) 887-9500 or by email at [emailÂ protected]
PAYSAFE ALLEGED FAULT
Paysafe, headquartered in UK, provides digital commerce solutions to online businesses, merchants and consumers through its Paysafe network worldwide which, among other things, enable users to download, store, withdraw and pay funds and from virtual accounts.
At March 30, 2021, Paysafe became a public entity through a business combination with FTAC. Then on November 11, 2021, ahead of the market opening, Paysafe announced that it was downgrading its revenue forecast for full year 2021. Paysafe attributed the revision to “[g]ambitious regulations and flexibility in the main European markets and performance challenges impacting the segment of digital wallets “and”[t]it changed the scope and timing of new e-commerce customer agreements from the company’s initial expectations for those agreements. “
On this news, the Paysafe share price fell $ 3.03 per share, i.e. more than 40%, to close at $ 4.24 per share on November 11th, 2021.
WHAT CAN I DO?
Paysafe investors can, not later than February 8, 2022, seek to be appointed as the principal representative of the applicants of the group through Kessler Topaz Meltzer & Check, LLP or another lawyer, or may choose to do nothing and remain an absent member of the group. Kessler Topaz Meltzer & Check, LLP encourages Paysafe investors who have suffered significant losses to contact the company directly for more information.
CLICK HERE TO SUBSCRIBE TO THE CASE
WHO CAN BE A PRINCIPAL APPLICANT?
A principal plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead applicant is usually the investor or small group of investors who have the most significant financial interest and who are also suitable and typical for the proposed investor category. The lead plaintiff chooses a lawyer to represent the lead plaintiff and the class and these lawyers, if approved by the court, are the lead or class advocates. Your ability to participate in any recovery is not affected by the decision whether or not to serve as the principal applicant.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country and around the world. The company has developed a worldwide reputation for excellence and has recovered billions of dollars for victims of fraud and other malpractice. All of our work is guided by a common goal: to protect investors, consumers, employees and others from fraud, abuse, fault and neglect on the part of businesses and trustees. In the end, we were successful if the bad guys pay and you get your holdings back. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 route du Roi de Prussia
Radnor, Pennsylvania 19087
(844) 887-9500 (free call)
SOURCE Kessler Topaz Meltzer & Check, LLP