#United States #New York #Class Action #Gross Law Firm #Fiserv

Overview of the Class Action Against Fiserv, Inc.

On August 4, 2025, The Gross Law Firm issued a public notice alerting investors of Fiserv, Inc. (NYSE: FI) regarding a class action lawsuit. This lawsuit stems from allegations that the company misled shareholders during a specific period where significant issues related to its point-of-sale platform, Payeezy, directly affected its business operations.

Important Dates and Registration Information

Shareholders who acquired shares of Fiserv, Inc. within the class action period from July 24, 2024, to July 22, 2025, are strongly encouraged to reach out to the law firm for possible lead plaintiff appointment. Notably, becoming a lead plaintiff is not a prerequisite for participating in any recovery associated with the lawsuit. The deadline for registration for participation in this class action lawsuit is September 22, 2025. Interested shareholders can register through the provided online submission form.

Allegations Leading to the Class Action

The complaint against Fiserv claims that during the period in question, the defendants made several materially false and misleading statements while failing to disclose critical information that painted a grim picture of the realities facing the company. The allegations comprise several key points:
1. Forced Conversions to Clover: It is alleged that due to various operational issues with its older Payeezy platform, Fiserv compelled merchants utilizing Payeezy to transition to its Clover platform. This forced move raised temporary revenue figures for Clover but masked a slowdown in acquiring new merchants.
2. Increased Competition Loss: Following the forced conversions, a significant number of former Payeezy merchants reportedly switched to rival solutions, citing Clover's steep pricing, insufficient customer service, and other operational challenges.
3. Unsustainable Revenue Growth: As a direct consequence of losing merchants, it was reported that Clover’s growth in gross payment volume (GPV) and revenue became increasingly unsustainable, countering earlier positive claims made by Fiserv concerning its growth strategies and business prospects.

Class Action Participation and Next Steps

For shareholders who wish to maintain an active role in this class action, after registering, they will gain access to a portfolio monitoring software that will provide insights and updates concerning the lawsuit's progress. Investors should be proactive and not delay in registering, especially considering the approaching deadline to file as lead plaintiff.

Why Choose Gross Law Firm?

The Gross Law Firm has established itself as a renowned entity in handling class action lawsuits, dedicated to safeguarding the rights of investors affected by fraudulent, misleading, or illegal corporate conduct. The firm’s commitment lies in promoting responsible business practices and ensuring fair corporate governance. They strive to obtain recovery for investors whose financial losses stemmed from a company's deceptive statements or omissions.

Contact Information

For those affected or interested in this lawsuit against Fiserv, they can contact The Gross Law Firm directly at their New York office:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Phone: (646) 453-8903
• - Email: [email protected]

Timely registration and engagement in this class action offer investors a chance to potentially recover losses incurred through questionable corporate actions. The Gross Law Firm stands ready to assist in this legal undertaking.