#United States #New York #Class Action #Levi Korsinsky #Fiserv Inc

Class Action Lawsuit Against Fiserv, Inc.

Levi & Korsinsky, LLP, a law firm known for its focused efforts in shareholder representation, is announcing a critical opportunity for investors in Fiserv, Inc. (NYSE: FI) to participate in a class action lawsuit. The clock is ticking as the deadline to join the action is set for September 22, 2025. This legal action stems from alleged securities fraud affecting investors during the period from July 24, 2024, to July 22, 2025, a timeframe in which the firm asserts that Fiserv made misleading statements that concealed essential truths about its business operations and financial health.

The Class Action Overview

The class action lawsuit is a response to claims that Fiserv’s management misled investors regarding the company's performance and prospects, particularly focusing on the conversion of merchants from their legacy point-of-sale platform, Payeezy, to the Clover platform. The firm alleges that this transition was not indicative of healthy business growth but rather a means to mask deeper issues related to the company's service and product offerings.

Allegations Against Fiserv

According to the filed complaint, several serious claims were made regarding Fiserv's practices:

• - Misleading Growth Indicators: Fiserv allegedly inflated the perceived growth of Clover’s revenue and gross payment volume (GPV) by forcing Payeezy merchants to switch platforms, masking a slowdown in new merchant acquisitions.
• - Inadequate Customer Service: Post-transition, many former Payeezy merchants reportedly turned away from Clover due to high pricing and poor customer support, impacting overall company growth.
• - Unsustainable Growth Metrics: With the exit of multiple merchants from the Clover service, the GPV growth slowed dramatically, contradicting earlier optimistic statements made by Fiserv about its competitive standing and business strategies.

Next Steps for Impacted Investors

For those who believe they were negatively impacted by Fiserv's alleged misconduct, the law firm encourages affected investors to act swiftly. Interested parties have until September 22, 2025, to reach out about potentially being appointed as lead plaintiffs in the case, although participation in the class does not necessarily require this role. Notably, there are no out-of-pocket expenses for class members, allowing them to pursue legal recourse without financial burden.

Why Choose Levi & Korsinsky?

Levi & Korsinsky is recognized in the legal community for its impressive track record, having secured substantial financial recoveries for aggrieved shareholders over the past two decades. The firm emphasizes its experience and dedication to representing investors in complex securities matters, with a team of over 70 professionals ready to assist clients. Their recent accolades, such as ranking in the Top 50 Report by ISS Securities Class Action Services, reinforce their standing in the securities litigation sphere.

Contact Information

Investors wishing to learn more about this class action or to ensure their inclusion must connect with Levi & Korsinsky as soon as possible. For direct inquiries, investors can contact:

• - Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
• - Further details can be found by visiting the firm's official website.

In conclusion, time is of the essence for Fiserv investors. With only weeks remaining until the deadline, making the decision to engage with Levi & Korsinsky could be a vital step toward recovering potential losses incurred during the impacted period. This class action lawsuit represents not only a chance for financial recovery but also a collective stand against corporate misconduct in securities practices.