Introduction to the Case
On August 8, 2025,
Levi & Korsinsky, LLP announced a class action lawsuit for investors in
Fiserv, Inc.. This move is crucial for individuals who believe they've sustained financial losses tied to alleged securities fraud committed by the company between July 24, 2024, and July 22, 2025. The firm, known for its prowess in securities litigation, emphasizes the importance of taking action before it's too late.
Key Details of the Allegations
The lawsuit outlines several claims against
Fiserv, Inc., stating that the company made misleading statements that ultimately misrepresented its financial performance. The key allegations include:
1.
Platform Conversion Issues: Investors were allegedly unaware that due to ongoing glitches with its legacy point-of-sale system, Payeezy, Fiserv coerced merchants to shift to its Clover platform. This strategic shift initially inflated Clover's reported revenue growth.
2.
Temporary Revenue Boosts: The transitions from Payeezy to Clover provided temporary boosts in growth rates, obscuring a significant decline in new merchant acquisition.
3.
Merchant Exodus: Once merchants switched to Clover, many transitioned back to competing services due to the Clover platform's high pricing and poor customer service. This trend led to a detrimental drop in Clover's long-term revenue prospects.
4.
Misleading Statements: Fiserv’s positive portrayals regarding Clover's business strategies and market competition were revealed to be materially false and misleading as the troubles obscured the actual declining growth metrics.
What Investors Should Know
Investors who suffered losses during this period must take note:
The deadline to file for a lead plaintiff role is September 22, 2025. However, participation in potential recovery doesn’t necessitate serving as a lead plaintiff. This means that all affected investors have a pathway to seek restitution without incurring personal costs.
Why Consider This Action?
Levi & Korsinsky has a commendable track record—over two decades—dedicated to securing substantial recoveries for aggrieved shareholders. Their expertise in high-stakes securities litigation has earned them a reputation within the industry. They’ve been consistently recognized in ISS Securities Class Action Services’ Top 50 Report, underscoring their commitment to safeguarding investor interests.
How to Get Involved
If you have been impacted by the events surrounding Fiserv, reach out to Joseph E. Levi, Esq. at their New York office or through their provided contact details. Participation in the lawsuit entails no out-of-pocket costs, making this an opportunity for many who have faced financial loss.
Conclusion
Join the fight for justice and pursue the possibility of recovering your investment losses. With experienced legal counsel like Levi & Korsinsky at the helm, participants can approach this class action suit with a strong chance of positive outcomes. Ensure you're not left behind; take action today.
Contact Information
For further inquiries, Fiserv investors can reach Levi & Korsinsky at:
Phone: (212) 363-7500
Website: Levi & Korsinsky
Email: [email protected]
This class action lawsuit could make a significant difference for those affected by the company's alleged misdeeds, and timely action is crucial.