Payments company Paysafe is seeking to nix a stockholder lawsuit concerning the steep decline in its share price in 2021.
On July 15, 2024, Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II, Philip McHugh and Ismail Dawood, filed a motion to dismiss the Consolidated Amended Complaint (CAC) with prejudice pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure. The relevant documents, seen by FX News Group, were submitted at the New York Southern District Court.
Paysafe offers a suite of payment processing services, including digital wallet and e-cash services, to businesses and consumers. Its digital wallet and e-cash services specifically position it as a key player in the iGaming industry—which encompasses multiple forms of online gaming.
In the…
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