Global Payments Inc
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Information Technology : IT Services | Mid Cap Blend
Company profile

Global Payments Inc. is a payments technology company that delivers software and services. The Company operates through three segments: Merchant Solutions, Issuer Solutions and Business, and Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally. This segment offerings include authorization, settlement and funding services, customer support, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and reporting. The Issuer Solutions segment provides solutions that enable financial institutions and other financial service providers to manage their card portfolios. The Consumer Solutions segment provides general purpose reloadable (GPR) prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the underbanked and other consumers and businesses in the United States through its Netspend and other brands.

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Rent the Runway, Inc: Please contact the Portnoy Law Firm to recover your losses; January 13, 2023 deadline

6:21 pm ET January 12, 2023 (Globe Newswire) Print
Rent the Runway, Inc: Please contact the Portnoy Law Firm to recover your losses; January 13, 2023 deadlineGlobeNewswireJanuary 12, 2023

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, Jan. 12, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Twist Bioscience Corporation ("RTR") (NASDAQ: RENT) investors that a lawsuit filed on behalf of investors that purchased Rent the Runway, Inc. ("RTR" or the "Company") (NASDAQ: RENT) Class A common stock pursuant and/or traceable to the Company's October 2021 initial public offering ("IPO").

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email:, to discuss their legal rights, or click here to join the case via The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

RTR conducted its IPO in October 2021, selling 17 million shares of Class A common stock at $21 per share. However, on December 8, 2021, RTR announced its Q3 2021 financial results, disclosing a net loss of $87.8 million and an increase in fulfillment and marketing expenses. Additionally, the company disclosed a deceleration in active subscriber growth. Then in April 2022, RTR reported a decline in active subscribers during Q4 2021, with elevated fulfillment and marketing expenses. On September 12, 2022, RTR announced it only had 124,131 active subscribers and announced a restructuring plan, including a 24% workforce reduction. Following this news, RTR's stock price fell 38.7% to $3.02 per share on September 13, 2022, causing harm to investors. By October 2022, the price of RTR Class A common stock had fallen to less than $2.00 per share, 90% below the IPO price.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

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