Skip to Main Content

Global Payments, Inc. (NYSE: GPN) Securities Fraud Class Action

View Complaint
COMPANY         Global Payments, Inc.
COURT United States District Court for the Northern District of Georgia
CASE NUMBER 23-cv-00577
JUDGE The Hon. Leigh Martin May
CLASS PERIOD October 31, 2019 and October 18, 2022
SECURITY TYPE  Securities

Case Background:

A class action lawsuit has been filed on behalf of those who purchased or acquired Global Payments, Inc. (“Global Payments”) (NYSE: GPN) securities between October 31, 2019 and October 18, 2022, both dates inclusive (the “Class Period”). 

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the company’s business, operational, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Active Network used deceptive and abusive acts and practices to dupe its customers into enrolling into Active Network’s own discount club; (2) since July 2011, Active Network, and by extension, Global Payments, was aware of such unauthorized conduct and that it was violating relevant regulations and laws aimed at protecting its consumers; (3) since 2011, Global Payments failed to properly monitor its subsidiary from engaging in such unlawful conduct, detect and stop the misconduct, and identify and remediate harmed consumers; (4) all the foregoing subjected the company to a foreseeable risk of heightened regulatory scrutiny or investigation; (5) Global Payments’ revenues were in part the product of Active Network’s unlawful conduct and thus unsustainable; and (6) as a result, the company’s public statements were materially false and misleading at all relevant times.

Current Status of Case:

Defendants’ Motion to Dismiss is pending before the Court and awaiting an opinion.  This action is ongoing. 

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.  If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form relating to your transactions for Global Payments, Inc. (NYSE: GPN) securities between October 31, 2019 and October 18, 2022, both dates inclusive (the “Class Period”).

You may also contact Jonathan Naji, Esq. (484) 270-1453; or you may submit your information via email at info@ktmc.com; or you may click here to print a PDF of this form.

SUBMIT YOUR INFORMATION
* Denotes required field
Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Global Payments, Inc. prior to the Class Period?
Are you a current or former employee of Global Payments, Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
I agree to the KTMC disclaimer
I would like to receive new case alerts by email