GlobeNewswire News Roomยท2025-07-27 11:43Core Viewpoint - A class action lawsuit has been filed against Fiserv, Inc. for misleading statements regarding its Clover platform and the forced migration of Payeezy merchants, which allegedly concealed a slowdown in new merchant business and led to significant merchant losses [1][5]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of purchasers of Fiserv common stock between July 24, 2024, and July 22, 2025 [1]. - The lawsuit claims that Fiserv made false statements about Clover's growth strategies and business prospects, which were materially misleading [5]. - Allegations include that Fiserv forced Payeezy merchants to migrate to Clover, resulting in temporary revenue boosts that concealed underlying issues [5]. Group 2: Investor Information - Investors who purchased Fiserv stock during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by September 22, 2025, to represent the class in the lawsuit [1][3]. Group 3: Rosen Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4]. - The firm has been recognized for its leadership in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4].