Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Fiserv, Inc. for alleged misleading statements and failures to disclose critical information regarding its Clover platform and Payeezy merchants during the Class Period from July 24, 2024, to July 23, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Fiserv made false statements about its Clover platform's growth and business prospects, which were misleading to investors [5]. - Allegations include that Fiserv forced Payeezy merchants to migrate to Clover, which temporarily inflated Clover's revenue growth and gross payment volume (GPV) [5]. - The lawsuit 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 GPV growth [5]. Group 2: Investor Participation - Investors who purchased Fiserv common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can submit a form or contact the law firm for more information [3][6]. - A lead plaintiff is needed to represent other class members, and interested parties must move the Court by September 22, 2025 [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].
FI Investors Have Opportunity to Lead Fiserv, Inc. Securities Fraud Lawsuit