Fiserv, Inc. Class Action: Important Information for Investors
On September 8, 2025, The Gross Law Firm made an announcement directed at shareholders of Fiserv, Inc. (NYSE: FI), reminding them of an impending class action lawsuit. This legal action affects those who purchased shares of Fiserv within a specific period, as outlined below.
Class Period and Deadlines
The class period for this lawsuit spans from July 24, 2024, to July 22, 2025. Shareholders who bought shares during this timeframe are encouraged to register for participation. The deadline to apply for lead plaintiff status is September 22, 2025. It is crucial for affected shareholders to act promptly, as registration is necessary for potential recovery.
Allegations Against Fiserv
The complaint centers on several key allegations regarding Fiserv's practices during the class period. The issues outlined include:
- - Material Misstatements: It is alleged that Fiserv made materially false statements or omitted crucial information related to its operations and growth strategies. The firm is accused of misleading investors about its Clover platform
- - Forced Conversions: Due to issues with their earlier Payeezy platform, Fiserv allegedly compelled merchants to convert to its Clover platform. This strategic move purportedly masked a reduction in new merchant acquisitions.
- - Deceptive Revenue Growth: The revenue growth reported for Clover was allegedly inflated due to these forced conversions, despite the underlying slowdown in new business.
- - Loss of Merchants: Following these transitions, many merchants reportedly shifted to alternative solutions, drawn by Clover's high costs and deficient customer service.
- - Unsustainable Growth: These losses eventually led to a substantial slowdown in Clover's growth, contradicting the positive growth narrative communicated by Fiserv during the class period.
Next Steps for Investors
For shareholders wishing to take part in the class action, registration must be completed through The Gross Law Firm's designated platform. Once registered, participants will receive ongoing updates via portfolio monitoring software throughout the case. This program ensures that shareholders are informed about critical developments regarding their investment and the class action's progress.
Why Choose The Gross Law Firm?
The Gross Law Firm is well-regarded nationally for its commitment to defending investors’ rights against fraudulent practices in corporate management. Their mission highlights the importance of responsible business conduct and corporate accountability. By joining the lawsuit, shareholders can stand up against corporate malfeasance, seeking recompense for any losses incurred due to misleading statements from Fiserv.
How to Contact The Gross Law Firm
For more information, potential participants can get in touch using the following details:
- - Address: The Gross Law Firm, 15 West 38th Street, 12th Floor, New York, NY, 10018
- - Email: [email protected]
- - Phone: (646) 453-8903
Investors are encouraged to understand their rights and consider joining the class action, as the stakes could be significant depending on the case's outcome. Potential recovery may depend on shareholder participation before the critical deadlines outlined in the announcement.
This class action serves as a reminder to investors to remain vigilant regarding the companies they invest in and to be aware of any developments that could affect their stakes.