Fiserv Class Action Lawsuit: Investors File Lawsuit Over Misleading Statements

Strategic Insights -

Fiserv, Inc.'s common stock is being targeted in a class action lawsuit alleging that the company made false and misleading statements during a specific period. The lawsuit claims that Fiserv concealed a slowdown in new merchant business, exaggerated the growth of its Clover platform, and misled investors about the company's revenue and business prospects. Investors who purchased Fiserv common stock between July 24, 2024, and July 22, 2025, are eligible to participate in the lawsuit.

Key Takeaways:

  • The lawsuit alleges that Fiserv made false and misleading statements about its Clover platform, including exaggerated growth and unsustainable revenue.
  • The company is accused of concealing a slowdown in new merchant business and misleading investors about its business prospects.
  • Investors who purchased Fiserv common stock between July 24, 2024, and July 22, 2025, are eligible to participate in the lawsuit.
  • The lead plaintiff deadline is September 22, 2025.
  • Fiserv is accused of forcing Payeezy merchants to migrate to its Clover platform due to cost issues and other problems with its older Payeezy platform.
  • A significant portion of former Payeezy merchants switched to competing solutions due to Clover's high pricing, significant downtime, and compatibility issues.
  • The lawsuit claims that investors suffered damages when the true details of Fiserv's business practices became public.
  • The Rosen Law Firm is representing investors in the lawsuit, which has already been filed.

Statistics:

  • 438 million dollars: The amount secured by the Rosen Law Firm for investors in 2019.
  • 2017: The year the Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements.
  • 2013: The year the Rosen Law Firm began its historical ranking in the top 4 in securities class action settlements.
  • Hundred of millions of dollars: The amount recovered by the Rosen Law Firm for investors.

Sources:

  • Rosen Law Firm, P.A.
  • ISS Securities Class Action Services
  • Law360