#United States #New York #Inc. #Securities Fraud #Pomerantz LLP #Fiserv

Pomerantz Law Firm Files Class Action Against Fiserv, Inc.

In a noteworthy legal development, Pomerantz LLP has announced the launch of a class action lawsuit aimed at Fiserv, Inc. (NYSE: FI) after the company witnessed a substantial drop in its stock price following unsatisfactory growth announcements. Investors suffering losses are encouraged to reach out to the firm for participation in this lawsuit.

The lawsuit hinges on allegations that Fiserv and certain affiliated executives may have engaged in securities fraud or questionable business practices. In light of these claims, those who have purchased or acquired stocks during the designated Class Period are advised to respond as the court is accepting applications for Lead Plaintiff until September 22, 2025.

Recent Company Performance

On April 24, 2025, Fiserv reported that its Clover gross payment volume (GPV) had increased by merely 8% during the first quarter of 2025, marking a significant decline from the previous year's rates, which hovered between 14% and 17%. The company attributed this decline to reduced transaction volumes from merchants transitioning from its older Payeezy platform to the newer Clover POS system. As a direct consequence of this disappointing news, Fiserv's stock experienced a sharp decline, plunging $40.20 per share (18.52%) to close at $176.90.

The company's struggle continued as, on May 15, 2025, it disclosed that this deceleration in GPV growth was expected to persist throughout the remainder of 2025. Following this revelation, Fiserv’s stock plummeted further by $30.73 per share (16.19%), resulting in a closing price of $159.13.

By July 23, 2025, the company was still in hot water, as it lowered its full-year organic growth guidance range and confirmed a year-over-year deceleration of its quarterly organic revenue in the Merchant segment to 9%, down from 11% in the previous quarter. This ultimatum caused Fiserv’s stock to fall by another $22.90 per share (13.85%), concluding the trading day at $143.00.

Closing Thoughts

Pomerantz LLP, regarded as one of the leading law firms specializing in corporate, securities, and antitrust class actions, has a long-standing reputation for advocating the rights of victims in securities fraud cases. With more than 85 years of experience in the legal field, the firm has successfully recovered millions on behalf of class members. If you wish to participate as a Lead Plaintiff or seek more details, you may consult their website.

Investors impacted by Fiserv’s market performance should not overlook their chance to join this class action. The implications of the findings could affect Fiserv's future operations and potentially provide recourse for aggrieved shareholders.