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Fiserv, Inc. Class Action Lawsuit Overview

Levi & Korsinsky, LLP has officially notified investors in Fiserv, Inc. about a significant class action securities lawsuit that is currently pending. The legal firm is encouraging investors to participate, particularly highlighting the lead plaintiff deadline, which is set for September 22, 2025. This deadline is crucial for individuals wishing to take an active role in the litigation process.

Understanding the Class Action

The class action lawsuit aims to recover losses for investors who have been impacted by alleged securities fraud during the period from July 24, 2024, to July 22, 2025. The lawsuit centers around several key allegations against Fiserv, Inc., which point to misleading statements about its business practices and product performance that have potential detrimental effects on shareholders.

Allegations Involved

The filed complaint suggests that Fiserv's management may have concealed several critical issues:
1. Transition Issues with Payeezy: It alleges that Fiserv forced merchants using its older point-of-sale platform, Payeezy, to switch to its Clover platform due to cost concerns and various problems affecting Payeezy.
2. Inflated Growth Figures: It claims that Clover's reported revenue and GPV (Gross Payment Volume) growth figures were artificially inflated by these conversions, masking a slowdown in acquiring new merchants.
3. Loss of Merchants: Following the switch, many former Payeezy merchants are said to have opted for competitor solutions, citing Clover's high costs and inadequate customer service.
4. Unsustainable Growth: As a result of these merchant losses, Clover's true GPV growth was allegedly slowing, and the growth in revenue was not sustainable, contrary to what Fiserv publicly communicated.
5. Misleading Statements: Overall, statements made by Fiserv during this class period regarding growth strategies, market competition, attrition, and business prospects were characterized as materially false and misleading.

Next Steps for Investors

If you believe you suffered losses in Fiserv, Inc. during the relevant period, it is crucial to be aware of your rights. Investors have until September 22, 2025, to request to be appointed as the lead plaintiff in the lawsuit. It is essential to note that participating in the class action and receiving any potential recoveries does not depend on serving as a lead plaintiff.

No Upfront Costs

Levi & Korsinsky assures potential class members that compensation may be available without any upfront costs or fees. There is no obligation to participate in the lawsuit, making this an accessible option for those affected by the alleged misconduct.

Why Choose Levi & Korsinsky?

With an impressive track record spanning over two decades, Levi & Korsinsky has successfully secured hundreds of millions in settlements for shareholders. They are recognized among the top securities litigation firms in the U.S., as highlighted in ISS Securities Class Action Services' annual Top 50 Report.

The firm boasts a dedicated team of over 70 professionals specializing in complex securities litigation, ensuring that they can effectively represent the interests of investors throughout this process. If you are affected, reaching out to their offices can provide you with the necessary guidance.

Contact Information

For those interested in joining the class action, or seeking more details, you can reach out to:

• - Joseph E. Levi, Esq.

Email: [email protected]
Phone: (212) 363-7500

• - Address: Levi & Korsinsky, LLP, 33 Whitehall Street, 17th Floor, New York, NY 10004.

For more information about the ongoing class action and to stay informed, you can visit their official website.

In conclusion, the upcoming class action against Fiserv, Inc. could be significant for affected investors, making timely engagement and understanding critical at this juncture.