NEW YORK CITY, NY / ACCESS Newswire / March 23, 2026 / (ACCESSWIRE)-The law firm of Kirby McInerney LLP reminds Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE) investors of the April 7, 2026 lead plaintiff deadline to seek lead plaintiff appointment in the class action filed on behalf of investors who acquired Paysafe securities between March 4, 2025 through November 12, 2025 ("the Class Period").
Courts do not consider applications filed after the lead plaintiff deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions.
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What Is The 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.
[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]
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 investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]
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/
investigations@kmllp.com
SOURCE: Kirby McInerney LLP
View the original press release on ACCESS Newswire
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