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Class action lawsuits

Fiserv Class Action Lawsuit: Investors Claim False Statements and Financial Mismanagement

Strategic Insights

— 1 min read

Pursuers or acquirers of Fiserv, Inc. common stock between July 24, 2024, and July 22, 2025, have until September 22, 2025, to seek appointment as lead plaintiff of the Fiserv class action lawsuit. The lawsuit charges Fiserv and its top executives with violating the Securities Exchange Act of 1934 by making false and/or misleading statements and/or failing to disclose financial issues with its Payeezy platform. As a result, investors suffered substantial losses.

Key Takeaways:

  • The Fiserv class action lawsuit alleges that Fiserv and its executives made false and/or misleading statements and/or failed to disclose significant issues with its Payeezy platform, including cost problems and merchant losses.
  • The lawsuit further alleges that these issues led to a slowdown in revenue growth and gross payment volume for Fiserv's Clover platform.
  • Investors claim that they suffered substantial losses when the price of Fiserv common stock fell after several announcements from the company.
  • The Fiserv class action lawsuit alleges that investors suffered damages of over 18% due to these announcements.
  • The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Fiserv common stock during the Class Period to seek appointment as lead plaintiff in the Fiserv class action lawsuit.
  • Robbins Geller Rudman & Dowd LLP is representing the investors in the Fiserv class action lawsuit and has a proven track record of securing significant recoveries for investors in securities-related class action cases.

Statistics:

  • The lawsuit alleges that the price of Fiserv common stock fell by over 18% on April 24, 2025, when the company reported a slowdown in revenue growth.
  • The price of Fiserv common stock fell by a further 16% on May 15, 2025, when the company disclosed that GPV growth deceleration would continue through 2025.
  • The price of Fiserv common stock fell nearly 14% on July 23, 2025, when the company lowered the top end of its full-year organic growth guidance range.
  • The total losses suffered by investors are estimated to be over 48% due to the series of announcements from Fiserv.

Sources:

  • City of Hollywood Police Officers' Retirement System v. Fiserv, Inc., No. 25-cv-06094 (S.D.N.Y.)
  • Robbins Geller Rudman & Dowd LLP press release
  • SEC Filing on Fiserv class action lawsuit
  • Past results on Robbins Geller Rudman & Dowd LLP website

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