1. Shareholders of FI urged to contact law firm for class action. 2. Class period involves misleading statements related to Clover platform. 3. Concerns arise over loss of Payeezy merchants switching to competitors. 4. Shareholders must register by September 22, 2025, for possible recovery. 5. Gross Law Firm highlights issues of false statements affecting investor value.
The allegations against Fiserv suggest severe corporate misconduct, reminiscent of past legal challenges that severely impacted stock prices. Companies like Enron and Lehman Brothers faced drastic declines due to similar misleading practices.
The gravity of the allegations and impending class action reflects significant risks to FI’s financial health and investor confidence, making it highly relevant.
Ongoing investigations and the uncertainty surrounding potential financial liabilities from the lawsuit will deter long-term investment. Historical cases indicate prolonged negative sentiment around companies embroiled in class action lawsuits often lasts for years.
NEW YORK, Aug. 14, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fiserv, Inc. (NYSE:FI).
Shareholders who purchased shares of FI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/fiserv-inc-loss-submission-form/?id=161237&from=4
CLASS PERIOD: July 24, 2024 to July 22, 2025
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (a) Due to cost issues and other problems with its older point-of-sale platform, Payeezy, Fiserv forced Payeezy merchants to convert to its Clover platform; (b) Clover's revenue growth and GPV growth were temporarily boosted by these conversions, which concealed a slowdown in new merchant business; (c) shortly after these conversions, a significant portion of former Payeezy merchants switched to competing solutions due to Clover's high pricing, inadequate customer service, and other issues; (d) as a result of these merchant losses, Clover's GPV growth was significantly slowing, and its revenue growth was unsustainable; and (e) based on the foregoing, Fiserv's positive class period statements about Clover growth strategies, competition, attrition, GPV growth, and business prospects were materially false and misleading.
DEADLINE: September 22, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fiserv-inc-loss-submission-form/?id=161237&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 22, 2025. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-gross-law-firm-notifies-fiserv-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline--fi-302529408.html
SOURCE The Gross Law Firm