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RADNOR, Pa., Jan. 29, 2022 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that the firm has filed a securities class action lawsuit against Paysafe Limited (“Paysafe”) f/k/a Foley Trasimene Acquisition Corp. II (“FTAC”) on behalf of investors who purchased or acquired Paysafe (NYSE:PSFE) or FTAC (NYSE:BFT) securities between December 7, 2020and November 10, 2021inclusive (the “Class Period”). This action, captioned John Paul O’Brien v. Paysafe Limited, et al.Case No. 1:22-cv-00567 (the “O’Brien Action”), was filed in the United States District Court for the Southern District of New York.
There is another related class action case pending against Paysafe in the United States District Court for the Southern District of New York. That first-filed action issued a notice of its filing pursuant to the federal securities laws which triggered the deadline of February 8, 2022for any investors who purchased Paysafe or FTAC securities to seek to be appointed as a lead plaintiff representative of the class. The filing of the O’Brien Action does not change the February 8, 2022 lead plaintiff deadline.
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LEAD PLAINTIFF DEADLINE: February 8, 2022
CLASS PERIOD: December 7, 2020 through November 10, 2021
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Toll Free (844) 887-9500 or Email at info@ktmc.com
PAYSAFE’S MISCONDUCT
Paysafe, a Bermudian company with principal executive offices in Hamilton, Bermudaprovides end-to-end payment solutions through three primary business segments: Integrated Processing, Digital Wallet and eCash Solutions.
The Class Period commences on December 7, 2020when FTAC announced that it had entered into a definitive agreement and plan of merger with Paysafe Group Holdings Limited. In connection with this announcement, the defendants represented that the transaction would position Paysafe for strong, accelerated growth. Afterwards, and …
Full story available on Benzinga.com
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