NEW YORK, Jan. 28, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II (NYSE: PSFE).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/paysafe-limited-f-k-a-foley-trasimene-acquisition-corp-ii-loss-submission-form/?id=22656&from=4
The lawsuit seeks to recover losses for shareholders who purchased Paysafe between December 7, 2020 and November 10, 2021.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until February 8, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II issued materially false and/or misleading statements 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 of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law
