Fiserv, Inc. Securities Lawsuit Notice

Strategic Insights -

As of August 18, 2025, a class action securities lawsuit has been filed against Fiserv, Inc. (NYSE: FI) alleging securities fraud between July 24, 2024, and July 22, 2025. The lawsuit seeks to recover losses of shareholders who were affected by alleged false statements and/or concealed information. According to the complaint, Fiserv made false statements about Clover's growth strategies, competition, attrition, GPV growth, and business prospects, which were material and misleading.

Key Takeaways:

  • The lawsuit alleges that Fiserv forced Payeezy merchants to convert to its Clover platform, causing revenue growth and GPV growth to be temporarily boosted.
  • Shortly after conversions, a significant portion of former Payeezy merchants switched to competing solutions due to Clover's high pricing, inadequate customer service, and other issues.
  • The lawsuit claims that these merchant losses caused Clover's GPV growth to slow significantly, making revenue growth unsustainable.
  • Fiserv's positive class period statements were allegedly materially false and misleading.
  • The complaint was filed on behalf of shareholders who suffered losses during the relevant time frame, even if they still hold their shares.
  • Levi & Korsinsky, LLP is representing the shareholders and has a track record of securing hundreds of millions of dollars for aggrieved shareholders.
  • The firm has extensive expertise in complex securities litigation and a team of over 70 employees serving clients.

Statistics:

  • July 24, 2024, to July 22, 2025, was the relevant time frame for the alleged securities fraud.
  • The lawsuit seeks to recover losses of shareholders who were adversely affected by alleged securities fraud.
  • Levi & Korsinsky, LLP has secured hundreds of millions of dollars for aggrieved shareholders over the past 20 years.
  • The firm has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States for seven consecutive years.

Sources:

  • Newsfile Corp.
  • https://zlk.com/pslra-1/fiserv-inc-lawsuit-submission-form?prid=162017&wire=5&utm_campaign=3
  • https://www.newsfilecorp.com/release/262844
  • Levi & Korsinsky, LLP
  • jlevi@levikorsinsky.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.