#United States #New York #Securities Law #Faruqi & Faruqi #Fiserv

Legal Action Filed Against Fiserv

A significant class action lawsuit has been initiated against Fiserv, Inc. (NYSE: FI), a prominent provider of financial technology solutions. This lawsuit comes as part of an investigation conducted by Faruqi & Faruqi, LLP, a national securities law firm based in New York. The firm is notably recognized for its successful litigation history and aims to protect investors who may have experienced substantial losses.

Investors who have sustained losses exceeding $75,000 between July 24, 2024, and July 22, 2025, are strongly encouraged to evaluate their legal rights and consider participating in this case. Faruqi & Faruqi requires interested individuals to contact partner Josh Wilson directly at either 877-247-4292 or 212-983-9330 (Ext. 1310). The deadline to join as a lead plaintiff in this federal securities class action is September 22, 2025, after which new plaintiffs may not be able to join the case.

Allegations Against Fiserv

The complaint against Fiserv highlights a series of alleged infractions regarding federal securities laws. The central claims suggest that the executive leadership at Fiserv made misleading statements or failed to disclose vital information about their operations. Specifically, the lawsuit states that Fiserv pressured Payeezy merchants to transition to the Clover platform due to cost inefficiencies and other operational challenges. It argues that this forced migration led to inflated revenue figures that masked underlying challenges in acquiring new merchant business.

Here’s the breakdown of the allegations in detail:

• - Forced Migration: Merchants who previously utilized Fiserv’s Payeezy were compelled to switch to Clover, wherein their revenue growth and Gross Payment Volume (GPV) were temporarily inflated. The lawsuit asserts that this created a false impression of the company’s health to investors.
• - Market Reaction: The truth about the company’s statements began to surface on April 24, 2025, when Fiserv reported a mere 8% increase in Clover GPV growth for Q1 2025, significantly lower than the previous year's figures of 14% to 17%. Following this revelation, Fiserv stocks plummeted by 18.5%, closing at $176.90.
• - Continued Decline: Subsequent disclosures, particularly on May 15 and July 23, 2025, indicated ongoing GPV growth deceleration and further downgrading of revenue guidance. Each announcement prompted additional stock price drops—down 16.2% post-Q2 disclosure and another 13.9% after the Q3 forecast adjustment.

The Role of the Lead Plaintiff

In securities class action lawsuits, the lead plaintiff plays a pivotal role. This investor should possess the largest financial stake in the claims and must represent the interests of the class adequately. Individuals considering becoming lead plaintiffs need to be aware that their decisions regarding representation will not adversely affect their recovery potential, should they choose not to take on this role.

Faruqi & Faruqi, LLP is also inviting individuals with inside or relevant information regarding Fiserv’s practices to reach out, including whistleblowers, former employees, and shareholders. The firm seeks to gather a comprehensive understanding of the actions taken by Fiserv to strengthen their case.

For more information about this legal action against Fiserv or to discuss potential participation, you can visit Faruqi & Faruqi’s website or reach out to partner Josh Wilson using the contact details provided earlier.

This class action represents not just a legal hurdle for Fiserv, but also an opportunity for investors seeking justice and recovery for their losses. Keep an eye on the developments, especially as the September deadline approaches for any potential claimant wishing to take action.