#United States #New York #Class Action #The Gross Law Firm #Inc. #Fiserv

Class Action Filed Against Fiserv, Inc.

On August 21, 2025, The Gross Law Firm announced the initiation of a class action lawsuit against Fiserv, Inc. (NYSE: FI). This announcement is particularly significant for shareholders who purchased shares during a specific class period spanning from July 24, 2024, to July 22, 2025. The firm is urging these shareholders to take action by contacting them to join in this class action effort.

Allegations Against Fiserv, Inc.

According to the allegations outlined in the lawsuit, it is claimed that Fiserv's management issued materially false and misleading statements during the aforementioned class period. The essence of the claim is that due to various cost issues associated with its legacy point-of-sale platform, known as Payeezy, the company compelled merchants utilizing Payeezy to transition to its newer Clover platform. Further claims suggest that while this conversion may have artificially inflated Clover's revenue growth and gross payment volume (GPV), it concurrently masked a troubling slowdown in the acquisition of new merchants.

Tragically, shortly after the migration, many merchants defected to rival solutions due to concerns over the pricing of Clover, as well as complaints about inadequate customer service and operational issues. As a result, Clover's growth in both GPV and revenue became unsustainable, culminating in a downward trend that contradicted earlier positive statements made by Fiserv executives about the platform's growth strategies and overall business prospects.

These revelations, if proven, could indicate a significant breach of trust between Fiserv's management and its investors, leading to substantial financial losses for the shareholders involved.

Important Deadlines

Shareholders interested in joining this class action have until September 22, 2025, to register their claims. The Gross Law Firm encourages all impacted investors to take immediate action and provide their information through the dedicated registration link which has been shared in the notice. This registration will also enroll them in a portfolio monitoring service that will keep track of the case status and any developments.

Next Steps for Investors

Participating in this class action does not require shareholders to be appointed as lead plaintiffs, which often entails further responsibilities and commitments. The Gross Law Firm assures that there are no costs or obligations for investors to engage in this legal process. The primary goal is to recover losses sustained due to misleading or false representations made by Fiserv's management.

About The Gross Law Firm

The Gross Law Firm has established itself as a reputable and nationally recognized class action law firm dedicated to defending the rights of investors. Their mission is clear: to protect those who have suffered losses resulting from fraudulent actions or illegal activities by corporations. By securing accountability from companies that do not adhere to ethical business practices, the firm aims to restore investor trust and recover financial losses.

If you believe you have been affected by the misleading practices of Fiserv, Inc., do not hesitate to get in touch with The Gross Law Firm for more information on how to proceed. For a better understanding of the situation and to learn about your rights, reach out as soon as possible.

For further inquiries, contact The Gross Law Firm at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Stay informed and empowered regarding your investments. The deadline of September 22, 2025, is fast approaching, so make sure to act promptly for your chance at recovery.