Levi & Korsinsky Alerts Fiserv Shareholders on Lawsuit Details Ahead of Deadline
On September 19, 2025, Levi & Korsinsky, LLP, a well-known law firm in the field of securities litigation, announced a vital update for investors holding shares in Fiserv, Inc. (‘Fiserv’). Fiserv, a prominent payment processing company listed on the NYSE under the ticker ‘FI’, is currently facing a class action securities lawsuit that aims to recover losses incurred by shareholders during a specified period.
The lawsuit is centered around alleged securities fraud that occurred between July 24, 2024, and July 22, 2025. According to the filed complaint, there are serious claims against Fiserv regarding deceptive practices surrounding its older point-of-sale platform known as Payeezy. Investors are urged to pay close attention as the deadline to appoint a lead plaintiff is set for September 22, 2025.
The allegations in the class action, which seeks to represent impacted shareholders, suggest that Fiserv made several misleading statements about the performance and prospects of its Clover platform, which was introduced as an upgrade from Payeezy. The complaint details that:
1. Fiserv allegedly pressured merchants using the Payeezy platform to transition to Clover due to several cost-related issues with Payeezy.
2. This forced conversion created an illusion of rapid revenue and gross payment volume (GPV) growth for Clover, effectively obscuring a real slowdown in attracting new merchants.
3. Post-transition, a significant number of the former Payeezy merchants reportedly opted for competing solutions, citing Clover’s steep pricing and perceived inadequate customer service.
4. As a result of these merchant losses, the real growth in Clover’s GPV and revenue was unsustainable, contradicting previous positive statements made by Fiserv.
Investors who believe they suffered losses due to the alleged misconduct have until September 22, 2025, to act. Those interested in taking part in the lawsuit must request to be named as the lead plaintiff, although doing so is not a requirement to recover any potential compensation.
A significant aspect for investors to note is that participation in this class action lawsuit comes at no cost. Should they be classified as class members, they may be entitled to receive compensation without incurring any expenses.
Levi & Korsinsky has cultivated a robust reputation over the past two decades by securing hundreds of millions of dollars for wronged shareholders through complex securities cases. With a team of over 70 professionals dedicated to investor advocacy, the firm has been recognized consistently in the top tiers of the securities litigation industry, as noted by ISS Securities Class Action Services.
For Fiserv investors interested in the lawsuit, more information can be obtained through Levi & Korsinsky by reaching out to them directly. Joseph E. Levi, Esq. and Ed Korsinsky, Esq. can be contacted at their office located at 33 Whitehall Street, New York, NY, or via phone at (212) 363-7500. Alternatively, further details can be explored on their website at www.zlk.com. Those affected and looking for justice against purported corporate mismanagement in Fiserv have a suitable opportunity to come forward and make their voices heard.
Overview of the Class Action Lawsuit
The lawsuit is centered around alleged securities fraud that occurred between July 24, 2024, and July 22, 2025. According to the filed complaint, there are serious claims against Fiserv regarding deceptive practices surrounding its older point-of-sale platform known as Payeezy. Investors are urged to pay close attention as the deadline to appoint a lead plaintiff is set for September 22, 2025.
Key Allegations Against Fiserv
The allegations in the class action, which seeks to represent impacted shareholders, suggest that Fiserv made several misleading statements about the performance and prospects of its Clover platform, which was introduced as an upgrade from Payeezy. The complaint details that:
1. Fiserv allegedly pressured merchants using the Payeezy platform to transition to Clover due to several cost-related issues with Payeezy.
2. This forced conversion created an illusion of rapid revenue and gross payment volume (GPV) growth for Clover, effectively obscuring a real slowdown in attracting new merchants.
3. Post-transition, a significant number of the former Payeezy merchants reportedly opted for competing solutions, citing Clover’s steep pricing and perceived inadequate customer service.
4. As a result of these merchant losses, the real growth in Clover’s GPV and revenue was unsustainable, contradicting previous positive statements made by Fiserv.
Next Steps for Investors
Investors who believe they suffered losses due to the alleged misconduct have until September 22, 2025, to act. Those interested in taking part in the lawsuit must request to be named as the lead plaintiff, although doing so is not a requirement to recover any potential compensation.
No Financial Obligation
A significant aspect for investors to note is that participation in this class action lawsuit comes at no cost. Should they be classified as class members, they may be entitled to receive compensation without incurring any expenses.
Why Choose Levi & Korsinsky
Levi & Korsinsky has cultivated a robust reputation over the past two decades by securing hundreds of millions of dollars for wronged shareholders through complex securities cases. With a team of over 70 professionals dedicated to investor advocacy, the firm has been recognized consistently in the top tiers of the securities litigation industry, as noted by ISS Securities Class Action Services.
Conclusion and Contact Information
For Fiserv investors interested in the lawsuit, more information can be obtained through Levi & Korsinsky by reaching out to them directly. Joseph E. Levi, Esq. and Ed Korsinsky, Esq. can be contacted at their office located at 33 Whitehall Street, New York, NY, or via phone at (212) 363-7500. Alternatively, further details can be explored on their website at www.zlk.com. Those affected and looking for justice against purported corporate mismanagement in Fiserv have a suitable opportunity to come forward and make their voices heard.
Topics Financial Services & Investing）
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