#USA #New York #Securities Fraud #Levi Korsinsky #Fiserv Inc.

Fiserv, Inc. Securities Fraud Class Action Lawsuit

Investors in Fiserv, Inc. (NYSE: FI) have been notified of a pending class action lawsuit regarding alleged securities fraud. This legal action has been initiated by the law firm Levi & Korsinsky, LLP, and applies to those who experienced financial losses between July 24, 2024, and July 22, 2025. If you are among the affected investors, it is imperative to understand your rights and options before the upcoming deadline.

Class Definition

The lawsuit intends to recover losses sustained by investors who were affected by the company's alleged fraudulent activities during the specified period. It is alleged that Fiserv did not disclose crucial operational issues regarding its older point-of-sale platform, Payeezy, which jeopardized the interests of its merchants and investors. The firm seeks to ensure that affected investors can potentially recoup their losses.

Allegations Details

According to the complaint filed, several misleading statements and omitted facts have come to light, indicating substantial operational issues at Fiserv. The allegations include:
1. Concealment of Cost Issues: Fiserv allegedly forced Payeezy merchants to switch to its Clover platform due to complications and cost concerns with the older system.
2. Misleading Revenue Growth: It is suggested that Clover's revenue growth was artificially inflated by these merchant conversions, hiding a decline in new merchant acquisition.
3. Customer Attrition: Following the switch, many former Payeezy merchants reportedly shifted to competitor platforms due to excessive pricing and poor customer service from Clover, leading to a noticeable drop in Clover's Gross Payment Volume (GPV) growth.
4. False Growth Strategies: The legal claims suggest that statements made by Fiserv regarding their growth strategies, competition, and overall business prospects were misleading, thus providing investors with a distorted view of the company's performance.

What Investors Should Do

Affected investors are encouraged to act swiftly. You have until September 22, 2025, to request court appointment as lead plaintiff, although you can still participate in any recovery without the necessity of being a lead plaintiff. Importantly, participation in this class action incurs no costs to the investors, who may be eligible for compensation without any out-of-pocket expenses.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a strong reputation for championing shareholder rights. Over the past two decades, the firm has successfully reclaimed hundreds of millions of dollars for investors and accumulated vast experience in complex securities litigation. With a dedicated team of over 70 professionals, the firm prides itself on its established track record and expertise in handling high-stakes cases. Moreover, for seven consecutive years, it has been recognized as one of the top securities litigation firms in the United States.

Contact Information

If you believe you have been impacted by this alleged fraud, contact Joseph E. Levi, Esq. at Levi & Korsinsky, LLP:

• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

It is crucial for investors to stay informed about their rights and take the necessary steps to protect their financial interests during this challenging time.