FISERV INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Fiserv, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit - FI

Core Viewpoint - Fiserv, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements and failure to disclose significant issues related to its Payeezy and Clover platforms [1][3]. Group 1: Allegations and Impact - The lawsuit claims that Fiserv forced Payeezy merchants to migrate to its Clover platform, which temporarily inflated Clover's revenue and gross payment volume (GPV) growth, masking a slowdown in new merchant business [3]. - Following the forced conversions, many former Payeezy merchants switched to competitors due to Clover's high pricing and inadequate customer service, leading to a significant slowdown in Clover's GPV growth [3]. - On April 24, 2025, Fiserv reported a GPV growth of only 8% for Q1 2025, a decline from 14%-17% in 2024, attributed to lower transaction volumes from converted Payeezy merchants, resulting in an 18% drop in Fiserv's stock price [4]. - On May 15, 2025, Fiserv disclosed that GPV growth deceleration would persist throughout 2025, causing an additional 16% decline in stock price [5]. - On July 23, 2025, Fiserv lowered its full-year organic growth guidance and reported a deceleration in quarterly organic revenue in the Merchant segment to 9% year-over-year from 11%, leading to a nearly 14% drop in stock price [6]. Group 2: Legal Process and Representation - Investors who purchased Fiserv common stock during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of all class members [7]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [7]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8]. - The firm has been ranked 1 in the ISS Securities Class Action Services for four out of the last five years, indicating its strong track record in obtaining monetary relief for investors [8].