#USA #New York #Class Action #Gross Law Firm #Fiserv

Gross Law Firm Issues Alert to Fiserv, Inc. Shareholders

In a recent announcement, the Gross Law Firm has informed shareholders of Fiserv, Inc. (NYSE: FI) about the initiation of a class action lawsuit, focusing on a significant period stretching from July 24, 2024, to July 22, 2025. This legal action addresses allegations that the company made materially false or misleading statements, affecting its stock value and investor rights.

This development is essential for investors who acquired shares during the specified timeframe and may have suffered losses due to the alleged discrepancies. Shareholders are strongly encouraged to reach out to the Gross Law Firm to understand their rights and learn about potential lead plaintiff appointments. Importantly, becoming a lead plaintiff is not a prerequisite for investors to participate in any recovery efforts related to this case.

Key Allegations Against Fiserv, Inc.

The complaint centers on a series of serious claims regarding Fiserv's performance and corporate communications. The law firm states that Fiserv compelled merchants using its older point-of-sale platform, Payeezy, to transition to its newer Clover system, purportedly due to cost issues and complications inherent in the older platform. The transition to Clover reportedly created a temporary increase in reported revenue but concealed underlying issues.

As the lawsuit suggests, this situation misled investors about the actual growth dynamics within the company.

1. Forced Conversions: Fiserv allegedly forced Payeezy merchants to adopt Clover due to issues with Payeezy.
2. Misleading Revenue Growth: Claims of revenue growth tied to Clover were allegedly inflated and did not represent genuine market success.
3. Merchant Exodus: Following the mandatory transitions, a number of merchants reportedly switched to competing solutions, citing overpriced services and inadequate customer support from Clover as their reasons.
4. Slowing Growth: As a result of these defections, the growth in Clover’s gross payment volume (GPV) is said to have significantly slowed, undermining earlier positive statements made by management about the platform's prospects.

These allegations paint a troubling picture for investors as they indicate that shareholders were not fully informed about the potential risks and diminishing performance metrics associated with Fiserv’s operations.

Important Deadline for Investors

Investors who purchased shares during the defined class period need to act quickly. The deadline to register as participating shareholders is set for September 22, 2025. Registration is crucial, as it will ensure that they receive updates and can monitor the status of the lawsuit through a dedicated portfolio monitoring software provided by the law firm.

The Gross Law Firm, known for its commitment to holding companies accountable for misleading practices, urges shareholders not to defer their registration in this class action. They emphasize that there are no costs or obligations associated with participation in this case, making it accessible for all affected investors.

Why Choose Gross Law Firm?

The Gross Law Firm is a reputable national class action law firm that specializes in protecting investors' rights and advocating for transparency in business practices. With a mission centered around rectifying injustices linked to false statements and omissions, the firm tirelessly works to ensure companies uphold ethical standards. They note that prior results do not guarantee similar outcomes, but their dedication remains a central tenet of their work.

For any shareholders interested in learning more about the case or wishing to register, detailed contact and registration information can be found on their official website or by calling their office directly.

In conclusion, Fiserv, Inc. shareholders should prioritize their involvement in this impending class action lawsuit. By doing so, they can take a proactive stance to safeguard their investment and potential recovery from losses incurred amidst the meaningful allegations against the company.