#United States #New York #Faruqi & Faruqi #Fiserv Class Action #NYSE FI

Fiserv Investors: What You Need to Know About the Pending Class Action Lawsuit

In a recent notice from Faruqi & Faruqi, LLP, a prominent national securities law firm, attention has been drawn to a class action lawsuit against Fiserv, Inc. (NYSE: FI). Investors who have experienced losses of over $75,000 between July 24, 2024, and July 22, 2025, are urged to take action. The lead plaintiff deadline for this case is set for September 22, 2025, and affected investors are encouraged to engage with legal experts to discuss their options.

Fiserv is a major player in the financial technology sector, providing products that facilitate payment processing and transaction management for merchants. However, recent developments involving the company's Clover platform and its transition from the older Payeezy system have raised significant concerns. Reports allege that executives at Fiserv may have violated federal securities laws by making misleading statements regarding the company’s operations and financial health.

Specifically, it is claimed that:

• - Fiserv allegedly coerced merchants from its Payeezy platform onto Clover due to various cost issues, misleading stakeholders into believing this move would enhance revenue without disclosing the underlying problems.
• - Following the transition, the increase in Clover’s transaction volume was deemed unsustainable because it masked a broader slowdown in acquiring new merchant clients.
• - Furthermore, merchants who switched to Clover reportedly faced steep prices and significant compatibility challenges, leading many to explore alternatives.
• - As a result, Fiserv's growth figures and optimistic outlooks regarding Clover's performance have been questioned, with assertions that these reports did not accurately reflect the company's fiscal reality.

The turning point came on April 24, 2025, when Fiserv revealed that Clover's gross payment volume (GPV) growth was only 8% in the first quarter— a dramatic drop from the previously reported 14-17%. This announcement resulted in a staggering 18.5% decline in the stock price on the same day. Subsequent disclosures about ongoing GPV declines further exacerbated investor concerns, leading to significant stock price drops of 16.2% and 13.9% in the following months.

Investors within the purview of this class action are reminded that they have the option to serve as a lead plaintiff if they meet specific financial criteria. The lead plaintiff is typically the one with the most significant financial interest in the case. Additionally, investors may choose not to undertake any active role in the case and remain as absent class members, with their ability to recover unaffected by this choice.

For those affected and seeking more information or legal assistance regarding this lawsuit, Faruqi & Faruqi invites you to reach out via direct contact. Attorney Josh Wilson, a senior partner at the firm, is available to discuss potential claims and rights of investors impacted by Fiserv's actions.

If you suspect you may qualify, please do not hesitate to communicate your situation directly to the firm or visit Faruqi & Faruqi's website for further insights. The timely engagement in this matter is crucial as the deadline for lead plaintiff applications is looming. The firm emphasizes the importance of confidential consultation for anyone with substantial insights regarding Fiserv’s conduct, including past employees and whistleblowers, to come forward.

In these uncertain times within the financial technology landscape, being proactive is essential for investors affected by these developments. Keep updated on the proceedings and protect your rights as a Fiserv investor.