The parties have agreed to a deal under which Nuvei will purchase Paya via a tender offer with a total value of $1.3 billion. In its SEC filings, Paya said the claims are without merit and noted that the Antitrust and FTC review period expired on February 6 and the tender offer will proceed. Six different individuals have filed separate actions against Paya Holdings in United States District Court for the Southern District of New York. Most of these allege a variety of violations of the Exchange Act “by omitting and/or misrepresenting certain material facts relating to the Transaction from the Schedule 14D-9 filed by the Company on January 24, 2023.” Those plaintiffs seek unspecified damages, an injunction blocking the merger, recission of the merger agreement or rescissory damages. A separate action by stockholder Brian Levy, brought in the same court, alleges violation of the Georgia Uniform Securities Act of 2008. That suit covers much the same territory in accusing Paya and its board of misrepresented, concealed and omitted material facts related to the merger.