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

Important Update for Fiserv, Inc. Shareholders

Levi & Korsinsky, LLP, a prominent law firm specializing in securities litigation, has notified investors about an ongoing class action lawsuit involving Fiserv, Inc., listed on the NYSE under the symbol FI. This alert serves as a reminder for shareholders that the deadline to apply as a lead plaintiff in this lawsuit is fast approaching on September 22, 2025.

Background on the Lawsuit

The class action seeks to represent those Fiserv investors who experienced losses as a result of alleged securities fraud spanning from July 24, 2024, to July 22, 2025. The firm is reaching out to those who may have been impacted by the company's practices during this timeline, offering them the chance to recover their losses.

The lawsuit claims that Fiserv engaged in deceptive practices related to its Clover payment solution. Investors are encouraged to learn more about the specifics of the case, which include allegations that Fiserv misrepresented aspects of its operations that misled shareholders about the company’s financial health and growth potential.

Key Allegations

According to the filed complaint, several significant issues have emerged:
1. Fiserv allegedly forced merchants using its older point-of-sale platform, Payeezy, to transition to Clover due to various operational issues.
2. This forced conversion inflated Clover's revenue and Gross Payment Volume (GPV) figures momentarily, obscuring a genuine slowdown in obtaining new merchant customers.
3. Once the conversion occurred, many former Payeezy merchants reportedly moved to competitors, dissatisfied with Clover’s pricing and customer service.
4. As a direct consequence of these merchant losses, Clover's GPV growth began to decline significantly, leading to concerns about its revenue sustainability.
5. The lawsuit emphasizes that Fiserv's optimistic statements regarding Clover's growth strategy were misleading and contributed to shareholders’ losses.

Next Steps for Investors

Investors who suffered financial losses during the relevant period should consider submitting their request to the court by the lead plaintiff deadline, September 22, 2025. It’s important to note that participation as a class member does not necessitate serving as a lead plaintiff, and individuals may be eligible for compensation without incurring out-of-pocket expenses.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a two-decade-long record of advocating for shareholders and securing substantial settlements for clients. With a dedicated team skilled in navigating complex securities litigation, the firm has earned recognition as one of the leading practices in this field, featuring in ISS Securities Class Action Services' Top 50 Report for seven consecutive years.

Contact Information

For further inquiries about the lawsuit or assistance in filing your claim, investors are encouraged to reach out directly to Joseph E. Levi, Esq., at Levi & Korsinsky, LLP. The firm is located at:

• - 33 Whitehall Street, 17th Floor,
• - New York, NY 10004
• - Phone: (212) 363-7500
• - Email: [email protected]

This is an essential opportunity for affected shareholders to potentially recover their investments. Interested parties should act promptly to ensure their rights are protected and that they are considered in ongoing legal proceedings.