Fiserv Class Action Lawsuit Filed Over Misleading Stock Statements

Rosen Law Firm announces the filing of a class action lawsuit against Fiserv, Inc. on behalf of investors who purchased the company's common stock between July 24, 2024, and July 22, 2025. The lawsuit alleges that Fiserv made false and misleading statements about its Clover platform, concealing a slowdown in new merchant business and unsustainable revenue growth. The firm, known for its expertise in securities class actions and shareholder derivative litigation, has recovered hundreds of millions of dollars for investors and has been ranked as one of the top firms in the field.

Key Takeaways:

• The lawsuit alleges that Fiserv forced Payeezy merchants to migrate to its Clover platform, temporarily boosting Clover's revenue growth and gross payment volume (GPV).
• Shortly after the forced conversions, a significant portion of former Payeezy merchants switched to competing solutions due to Clover's high pricing, significant downtime, and systematic compatibility issues.
• The lawsuit claims that Fiserv's positive statements about Clover's growth strategies, competition, attrition, GPV growth, and business prospects were materially false and misleading.
• The class action lawsuit has been filed on behalf of investors who purchased Fiserv common stock between July 24, 2024, and July 22, 2025.
• Investors who wish to serve as lead plaintiff must move the Court no later than September 22, 2025.
• The Rosen Law Firm, which has recovered hundreds of millions of dollars for investors, is representing the class in this lawsuit.
• Laurence Rosen, Esq., and Phillip Kim, Esq. are the lead attorneys on the case.
• The Rosen Law Firm has a track record of success in securities class actions and shareholder derivative litigation, with several notable wins, including the largest ever securities class action settlement against a Chinese Company.

Sources:

• Newsfile Corp. - July 28, 2025
• Rosen Law Firm press release