NEW YORK, April 7, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that a class action lawsuit has been filed against Global Payments, Inc. (“Global Payments” or the “Company”) GPN in the United States District Court for the Northern District of Georgia on behalf of all individuals and entities that purchased or otherwise acquired Global Payments securities between October 31, 2019 and October 18, 2022, both dates inclusive (the “Collection Period” ). Investors have until April 10, 2023 to petition the court to be named lead plaintiff in the lawsuit.

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Global Payments is a Georgia company headquartered in Atlanta, Georgia. Global Payments is a leading payments technology company providing innovative software and services to merchants and financial institutions worldwide. Global Payments is a Fortune 500 company and a member of the S&P 500. One of Global Payments’ wholly owned subsidiaries is Active Network, which provides third-party registration and payment processing services to consumers registering to attend events. Throughout the Class Period, the defendants made materially false and misleading statements about the Company’s business, operational and compliance policies. In particular, the Defendants made false and/or misleading statements and/or failed to disclose that: (a) Active Network engaged in fraudulent and abusive acts and practices to trick its customers into enrolling in Active Network’s own discount club; (b) as of July 2011, Active Network, and by extension Global Payments, was aware of such unauthorized conduct and that it violated relevant regulations and laws designed to protect its consumers; (c) Global Payments has failed since 2011 to adequately monitor its subsidiary for engaging in such illegal conduct, detect and stop the wrongdoing, and identify and remedy aggrieved consumers; (d) all of the foregoing were of…