Fiserv, Inc. Shareholders Encouraged to Contact The Gross Law Firm Regarding Class Action
Shareholders who purchased shares of Fiserv, Inc. (NYSE: FI) during the class period from July 24, 2024, to July 22, 2025, are encouraged to contact The Gross Law Firm regarding possible lead plaintiff appointment. The firm alleges that during this time, Fiserv's defendants issued materially false and/or misleading statements, or failed to disclose that the company's Clover platform was experiencing problems, including high pricing, inadequate customer service, and other issues, which led to a slowdown in new merchant business and a significant portion of former Payeezy merchants switching to competing solutions.
Key Takeaways:
- The Gross Law Firm is seeking to determine if Fiserv's defendants made false and/or misleading statements about Clover's growth strategies, competition, attrition, GPV growth, and business prospects during the class period from July 24, 2024, to July 22, 2025.
- The firm alleges that Fiserv forced Payeezy merchants to convert to its Clover platform due to cost issues and other problems with the older point-of-sale platform.
- A significant portion of former Payeezy merchants switched to competing solutions due to Clover's high pricing, inadequate customer service, and other issues.
- Fiserv's positive class period statements about Clover's growth strategies, competition, attrition, GPV growth, and business prospects were allegedly materially false and misleading.
- The deadline to seek to be a lead plaintiff is September 22, 2025.
Statistics:
- Class period: July 24, 2024, to July 22, 2025
- Shareholders who purchased shares of FI during this time are encouraged to contact The Gross Law Firm.
- Deadline to seek to be a lead plaintiff: September 22, 2025
Sources:
- GlobeNewswire. The Gross Law Firm Issues the Following Notice to Shareholders of Fiserv, Inc. (NYSE: FI)
- https://securitiesclasslaw.com/securities/fiserv-inc-loss-submission-form/?id=166121&from=3
- The Gross Law Firm. Contact Us.