Opportunities for Fiserv Investors to Lead Class Action Amid Major Losses

In a significant announcement for Fiserv, Inc. investors, Robbins Geller Rudman & Dowd LLP has declared that those who purchased shares of Fiserv (NYSE: FI) between July 24, 2024, and July 22, 2025, may now seek to act as lead plaintiffs in a class action lawsuit. This development comes as a result of substantial financial losses reported by many investors during this period. The lawsuit is officially titled City of Hollywood Police Officers' Retirement System v. Fiserv, Inc., No. 25-cv-06094 (S.D.N.Y.).

Key Details of the Class Action Lawsuit

The class action lawsuit identifies several serious allegations against Fiserv, including violations of the Securities Exchange Act of 1934. Investors who are eligible and interested in participating must act before the deadline of September 22, 2025. The court documents indicate that Fiserv and specific current and former executives are being accused of misleading investors about the company’s financial health and performance metrics.

The legal claims center around Fiserv’s payment and financial technology solutions, particularly concerning its Payeezy platform. Allegations claim that Fiserv forced merchants using Payeezy to switch to its Clover platform due to underlying cost issues. This forced transition initially skewed Clover's performance metrics, such as revenue growth and gross payment volume (GPV). However, as former Payeezy users began to leave Clover for competing products due to high prices and poor service, Fiserv began to face a steep decline in these metrics, revealing the unsustainability of its reported growth.

Timeline of Events Impacting Stock Prices

The class action lawsuit outlines a troubling timeline for Fiserv’s stock performance linked to the company’s disclosures about its operations. On April 24, 2025, Fiserv announced a significant slowdown in Clover's GPV growth, reporting just 8% growth in the first quarter of 2025, down from 14% to 17% growth in the previous year. As a result, Fiserv’s stock price saw a sharp decline of over 18% following this news.

A further shock came on May 15, 2025, when the company notified investors that the slow growth would continue through the remainder of 2025, which led to an additional 16% drop in stock value.

The trend continued when, on July 23, 2025, Fiserv issued revised guidance indicating reduced growth expectations, resulting in yet another fall of nearly 14% in its stock price. These events have left many investors feeling misled and seeking recourse through the legal system.

The Role of the Lead Plaintiff

Under the Private Securities Litigation Reform Act of 1995, any investor who acquired Fiserv stocks within the outlined period can apply to be designated as the lead plaintiff. This individual will serve as a representative for all other class members, guiding the lawsuit. It’s worth noting that participation as a lead plaintiff does not limit an investor's ability to share in any recovery resulting from the lawsuit, meaning all investors may benefit, even if they are not serving in this capacity.

Investors interested in joining the class action lawsuit can find more information on how to proceed through Robbins Geller’s dedicated webpage here or contact attorneys J.C. Sanchez or Jennifer N. Caringal at 800-449-4900.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller Rudman & Dowd LLP stands out as a leading law firm in the realm of securities fraud and shareholder litigation. With a track record of recovering billions for investors in class action suits, the firm has been recognized as a top player in the field. In 2024 alone, they achieved over $2.5 billion in recoveries, underscoring their effectiveness in handling complex securities-related lawsuits.

For further assistance or concerns regarding this class action lawsuit, investors can reach out directly to the firm's offices, ensuring that their voices are heard during this challenging time.