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Levi & Korsinsky Notifies Shareholders of Fiserv, Inc. (FI) of a Class Action Lawsuit and an Upcoming Deadline
Globenewswire· 2025-09-16 21:16
Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by these conversions, masking a slowdown in acquiring new merchants [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
FISERV DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Fiserv, Inc. Investors to Secure Counsel Before Important September 22 Deadline in Securities Class Action - FI
Globenewswire· 2025-09-16 20:38
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Fiserv, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2] Group 1: Class Action Details - The Class Period for the Fiserv common stock purchases is from July 24, 2024, to July 22, 2025 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by September 22, 2025, to serve as lead plaintiff [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [3] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3] Group 3: Case Allegations - The lawsuit alleges that Fiserv made false and misleading statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [4] - It is claimed that Clover's revenue growth was artificially inflated by these forced migrations, masking a slowdown in new merchant business [4] - The lawsuit further states that many former Payeezy merchants switched to competitors due to Clover's high pricing and compatibility issues, leading to a significant slowdown in Clover's growth [4]
Fiserv, Inc (FI) Announces the Acquisition of Remaining 49.9% of AIB Merchant Services
Yahoo Finance· 2025-09-16 16:09
Fiserv, Inc. (NYSE:FI) is one of the Top Large Cap Stocks to Buy At 52-Week Low. On September 5, Fiserv, Inc. (NYSE:FI) announced the completion of the acquisition of the remaining 49.9% of AIB Merchant Services. AIB Merchant Services is its joint venture of AIB Group. Management noted that this strategic move gives the company full ownership of one of Ireland’s largest payment solution providers and a top e-commerce acquirer in Europe. It also supports Fiserv, Inc. (NYSE:FI) plans to grow in the wider Eu ...
Why Top Investors Are Buying FISERV INC (FI)
Acquirersmultiple· 2025-09-15 22:17
According to their latest 13F filings, institutional investors made a series of notable moves in Fiserv Inc. (FI), reflecting ongoing interest in the financial technology leader. Known for its payment processing, digital banking solutions, and broad fintech footprint, FI continues to attract a diverse range of hedge funds and asset managers positioning for long-term growth.Let’s examine some of the most notable changes:Baupost Group LLC/MA (Seth Klarman)Shares: 895,000Change: New PositionValue: $0.15BSeth K ...
September 22, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against FI
Globenewswire· 2025-09-15 19:59
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fiserv, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's Clover platform and its impact on revenue growth [1][3]. Summary by Sections Allegations - The complaint alleges that Fiserv made materially false and misleading statements during the class period from July 24, 2024, to July 22, 2025. Key points include: - Fiserv forced Payeezy merchants to switch to its Clover platform due to issues with the older Payeezy platform [3]. - Clover's revenue and GPV (Gross Payment Volume) growth were artificially inflated by these conversions, masking a slowdown in new merchant acquisitions [3]. - Many former Payeezy merchants transitioned to competitors due to Clover's high pricing and poor customer service [3]. - As a result, Clover's GPV growth significantly slowed, and its revenue growth became unsustainable [3]. - Fiserv's positive statements regarding Clover's growth strategies and business prospects were deemed materially false and misleading [3]. Class Action Details - Shareholders who purchased Fiserv shares during the specified class period are encouraged to register for the class action. The deadline for seeking lead plaintiff status is September 22, 2025 [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case [4]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5].
Contact The Gross Law Firm by September 22, 2025 Deadline to Join Class Action Against Fiserv, Inc.(FI)
Prnewswire· 2025-09-15 12:45
NEW YORK , Sept. 15, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fiserv, Inc. (NYSE: FI). ...
INVESTOR ALERT: Berger Montague Advises Fiserv, Inc. (NYSE: FI) Investors to Inquire About a Securities Fraud Class Action by September 22, 2025
Prnewswire· 2025-09-15 12:16
Group 1 - The core issue involves an investigation by Berger Montague PC into potential securities law violations by Fiserv, Inc. following a class action lawsuit filed against the company and its executives [1][3] - The class action lawsuit pertains to investors who purchased Fiserv securities between July 24, 2024, and July 22, 2025, alleging that the company overstated its growth by not disclosing issues related to its Clover payment platform [3][2] - Investors have a deadline of September 22, 2025, to seek appointment as lead plaintiff representatives in the class action [2][4] Group 2 - Fiserv is recognized as a leading provider of financial services technology, including payment and processing systems utilized by institutions globally [2] - The lawsuit claims that Fiserv's executives misrepresented the company's performance by failing to reveal that the revenue growth of Clover was artificially inflated due to the forced transition of merchants from the legacy Payeezy platform [3]
Fiserv (FI) to Acquire CardFree
Yahoo Finance· 2025-09-15 12:15
Core Insights - Fiserv, Inc. announced the acquisition of CardFree to enhance its Clover point-of-sale system [1][2] - The integration of CardFree's technology is expected to introduce new capabilities to Clover and Commerce Hub ecosystems [2][3] - The acquisition aims to improve scalability and flexibility for businesses in the hospitality, restaurant, and lodging sectors [3] Company Overview - Fiserv, Inc. is a global provider of payments and financial technology solutions, serving businesses of all sizes [4] - The company offers a range of products including payment processing, point-of-sale systems, and fraud protection [4]
Fiserv, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before September 22, 2025 to Discuss Your Rights - FI
Prnewswire· 2025-09-12 12:45
Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by the forced conversions from Payeezy, masking a slowdown in new merchant acquisitions [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff in the case [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Fiserv Acquires CardFree to Enhance Clover Point-of-Sale System
Yahoo Finance· 2025-09-11 17:15
Group 1 - Fiserv Inc. is recognized as a top IT stock for investment by hedge funds, following its acquisition of CardFree, a platform offering customized order, payment, and loyalty solutions for merchants [1] - The acquisition aims to enhance the functionality of Clover, Fiserv's point-of-sale system, particularly benefiting small businesses as they scale [2] - CardFree's technology, developed by the original team behind mobile apps for Starbucks and Dunkin', is compatible with various point-of-sale systems and payment processors [2] Group 2 - The integration of CardFree into Clover and Commerce Hub ecosystems will introduce new features such as drive-through software, kiosk management, sub-inventory management, and improved third-party integrations for loyalty programs and delivery services [3] - Fiserv operates through two main segments: Merchant Solutions and Financial Solutions, providing payments and financial services technology solutions [3]