Fiserv, Inc. Securities Lawsuit Settlement Opportunity: Shareholders May Be Eligible to Recover Losses

Strategic Insights -

Fiserv, Inc. shareholders who suffered losses as a result of alleged securities fraud between July 24, 2024, and July 22, 2025, may be eligible to recover their losses. A class action lawsuit was filed against Fiserv, Inc. alleging that the company made false statements and concealed the true nature of its business. The complaint alleges that Fiserv forced Payeezy merchants to convert to its Clover platform, resulting in a slowdown in new merchant business and significant losses for former Payeezy merchants.

Key Takeaways:

  • The lawsuit alleges that Fiserv made false statements and concealed the true nature of its business, including issues with its older point-of-sale platform, Payeezy.
  • The complaint alleges that Fiserv forced Payeezy merchants to convert to its Clover platform, resulting in a slowdown in new merchant business and significant losses for former Payeezy merchants.
  • The lawsuit seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between July 24, 2024, and July 22, 2025.
  • Levi & Korsinsky, LLP is representing the shareholders and has expertise in complex securities litigation, having secured hundreds of millions of dollars for aggrieved shareholders in the past.
  • The firm has a team of over 70 employees and has been 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.

Statistics:

  • The lawsuit covers the period from July 24, 2024, to July 22, 2025.
  • The complaint alleges that Fiserv's revenue growth and GPV growth were temporarily boosted by the conversion of Payeezy merchants to the Clover platform.
  • Approximately 33% of former Payeezy merchants switched to competing solutions due to issues with Clover's pricing, customer service, and other problems.
  • The lawsuit seeks to recover losses of shareholders who suffered a total of $X in losses during the relevant time frame.

Sources:

  • Newsfile Corp.
  • Fiserv, Inc. (NYSE: FI)
  • Levi & Korsinsky, LLP
  • ISS Securities Class Action Services' Top 50 Report
  • Securities and Exchange Commission