NEWTOWN, Pa., Feb. 28, 2023 (GLOBE NEWSWIRE) — The law firm of Edelson Lechtzin LLP is investigating on behalf of all buyers and owners of Global Payments, Inc. (“Global Payments” or the “Company”) GPN common shares.

Investors who purchased common shares of Global Payments, Inc. between October 31, 2019 and October 18, 2022, both inclusive, (the “Collection Period”) may request the U.S. District Court for the Northern District of Georgia to redeem them to appoint lead plaintiff no later than April 10, 2023. Current holders of Global Payments shares may implement corporate governance reforms. Investors wishing to discuss Global Payments stock should contact Edelson Lechtzin LLP toll free at 1-844-696-7492 or email at elechtzin@edelson-law.com. A copy of the Class Complaint is available for inspection HERE.

Background information on global payments

Global Payments is a leading American payments technology company providing innovative software and services to merchants and financial institutions worldwide. It is headquartered in Atlanta, Georgia. In June 2021, the company was included in the Fortune 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.

The securities fraud claims

The lawsuit alleges that the defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies during the class-action period. In particular, the Defendants made false and misleading statements and/or failed to disclose the following: (i) Active Network engaged in deceptive and abusive practices in order to get customers to sign up for Active Network’s own discount club (ii) since July 2011, Active Network, and more broadly Global Payments, was aware of such unauthorized conduct and that it violated consumer protection laws; (iii) Global Payments has failed to properly monitor its subsidiary since 2011, from…