#United States #New York #Gross Law Firm #Lead Plaintiff #Fiserv Inc

Fiserv, Inc. Class Action Lawsuit Update

The Gross Law Firm has issued an urgent notice to shareholders of Fiserv, Inc. (NYSE: FI), highlighting an important date for those involved in a recent class action lawsuit. Shareholders who purchased shares of Fiserv during the specified class period from July 24, 2024, to July 22, 2025, are encouraged to consider an application for the lead plaintiff position. This is a critical opportunity for investors to make their voices heard in the unfolding legal proceedings.

Key Details of the Lawsuit

According to the allegations presented in the lawsuit, Fiserv's management engaged in practices that resulted in misleading statements about the company's business health. Specifically, the lawsuit claims that the company mismanaged its Payeezy platform, driving merchants to transition to their Clover platform due to significant issues with the former. This shift, while initially appearing to boost Clover's revenues, obscured a troubling trend: a drop in new merchant acquisition and significant churn as former Payeezy users sought alternatives due to Clover's high costs and subpar service.

Allegations Breakdown

1. Failure to Disclose: The lawsuit accuses Fiserv of failing to disclose critical problems with their aging Payeezy platform, which forced merchants to switch to Clover, potentially misleading stakeholders about the robustness of Clover’s growth.
2. Artificial Revenue Boost: The transitions were purportedly used to artificially inflate the perception of revenue growth and Gross Payment Volume (GPV) during the period, masking a slowdown in actual business expansion.
3. Customer Attrition: Post-transition, many former Payeezy merchants reportedly faced dissatisfaction with Clover’s pricing structure and customer service, leading them to abandon the platform for competitors.
4. Sustainable Growth Concerns: The lawsuit suggests that the increase in Clover's GPV growth was unsustainable, with the implication that Fiserv’s positive statements about their growth strategies were, in fact, misleading.

Important Deadlines and Next Steps

The lead plaintiff application deadline is set for September 22, 2025. Shareholders interested in participating should register as soon as possible. By doing so, they will gain access to portfolio monitoring software, which will keep them updated on case developments throughout its duration. Importantly, there is no financial obligation for participating in this class action—an opportunity for affected investors to seek restitution without risk.

Why Choose The Gross Law Firm?

The Gross Law Firm prides itself on its commitment to represent investors who have suffered losses due to corporate misconduct. The firm’s mission emphasizes holding companies accountable for misleading behavior and ensuring that investors receive fair treatment. Their experience with class action lawsuits underscores their capability in navigating complex legal landscapes to protect shareholders’ rights.

Contact Information

Investors interested in becoming involved or seeking further information can reach out directly to The Gross Law Firm:

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

This is a crucial time for Fiserv shareholders to take action. Understanding the implications of this lawsuit and acting before the deadline could potentially result in significant benefits for investors who felt impacted by Fiserv's business decisions during the class period. Don't miss out on this opportunity to make your voice heard.