Case Summary
PaySafe
NYSE : PSFE
Case Details
- Singh v. Paysafe Limited et al.
- Class Period:March 4, 2025 - November 12, 2025
- Date Filed:April 7, 2026
- Jurisdiction:U.S. District Court, Southern District of New York
- Docket Number: 1:26-cv-01048
- Lead Plaintiff Deadline: April 7, 2026
Seek Plaintiff 31
Overview
A class action lawsuit has been filed against Paysafe Limited (“Paysafe” or the “Company”) (NYSE : PSFE) and certain of the Company’s senior executive officers (collectively, “Defendants”) alleging violations of the federal securities laws. The Paysafe lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Paysafe securities between March 4, 2025, and November 12, 2025, inclusive (the “Class Period”). Investors have until April 7, 2026, to seek appointment as lead plaintiff of the Paysafe class action lawsuit.
Paysafe provides end-to-end payment solutions in the United States and internationally. The Company’s services allow consumers to purchase goods and services online without a bank account or credit card, or with alternative payment methods like cryptocurrencies.
The complaint alleges that Defendants made materially false and misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (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; and (6) that, 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.
On November 13, 2025, Paysafe announced disappointing financial earnings for the third quarter of 2025. Specifically, the Company disclosed revenues of $433.8 million, which missed consensus estimates by nearly $6 million. Paysafe further revealed a net loss of $87.7 million and disclosed a dramatic cut to the Company’s guidance, slashing full year 2025 expected revenue to $17 million at the midpoint, and adjusted EPS $0.50 at the midpoint. The Company also revealed increase credit loss expenses and write-offs, which Defendants attributed to “a last-minute client that had to shut down that caused several million-dollar write-down.”
On this news, Paysafe’s stock price fell $2.80, or 27.6%, to close at $7.36 per share on November 13, 2025.
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If you purchased or otherwise acquired Paysafe securities between March 4, 2025, and November 12, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page.
You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com.
The deadline to apply to the Court to serve as a lead plaintiff in the Paysafe class action lawsuit is April 7, 2026.