Recent Class Action Lawsuit Against Fiserv, Inc.
On September 13, 2025, Pomerantz LLP announced significant legal actions involving Fiserv, Inc., a prominent company listed on the NYSE under the ticker symbol 'FI'. This class action lawsuit is primarily aimed at investors who have incurred losses on their investments in Fiserv. The law firm has urged these affected individuals to reach out for more information and to discuss their potential involvement in the lawsuit.
Background of the Lawsuit
The basis of the class action revolves around allegations that Fiserv and its associates may have engaged in securities fraud and other unlawful business practices. Investors are advised to act quickly, as the deadline for appointing a Lead Plaintiff in the lawsuit is September 22, 2025. To become involved, investors who purchased Fiserv securities during the class period should be prepared to supply their details to the firm, including the number of shares they acquired.
Impact on Fiserv's Stock
The backdrop of this legal battle stems from troubling reports concerning Fiserv's financial performance. On April 24, 2025, the company shared disappointing news regarding the growth of Clover's gross payment volume (GPV), which was marked at a mere 8% for the first quarter of 2025. This figure represented a stark contrast to the previous year's GPV rates, which ranged between 14% and 17%. Fiserv stated that this downturn was caused by decreased transaction volumes from merchants who had transitioned from their older platform, Payeezy, to the newer Clover system.
Following this announcement, Fiserv’s stock price plummeted by over 18%, closing at $176.90 per share, a drastic decline that significantly affected investors. Then, on May 15, 2025, an ongoing decline was confirmed; the company disclosed that the slowing growth was set to persist throughout the rest of 2025. Unsurprisingly, this news drove the stock price down further to $159.13 per share after another 16% drop.
The situation worsened on July 23, 2025, when Fiserv revealed a revision in its projections for full-year organic growth. The company lowered its expectations and noted a deceleration in quarterly organic revenue within the Merchant segment, dropping from 11% to just 9% year-over-year. The share price decline continued, with a further drop of approximately 14% to $143.00 per share.
Pomerantz LLP's Background
Pomerantz LLP, known for specializing in corporate, securities, and antitrust class litigation, boasts a prestigious history that dates back over 85 years. Under the leadership of Abraham L. Pomerantz, the firm has established a legacy in the field of class action lawsuits, particularly in the realm of securities fraud. The firm has a reputation for advocating for investors' rights and has successfully recovered multi-million dollar damages for class members in the past.
Investors are strongly encouraged to reach out for more details or to obtain a copy of the complaint by visiting the Pomerantz Law Firm's website at
www.pomerantzlaw.com.
For assistance, investors can also contact Danielle Peyton at 646-581-9980, extension 7980, or via email at [email protected]. It is crucial for those affected to act without delay, especially given the upcoming deadlines associated with the class action.