Fiserv(US:FI) Prnewswire·2025-08-03 12:15Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Fiserv, Inc. due to allegations of misleading statements and failure to disclose critical issues related to its Clover platform, which has led to significant financial losses for investors [2][4]. Group 1: Allegations Against Fiserv - The complaint alleges that Fiserv and its executives violated federal securities laws by making false and misleading statements regarding the performance and growth of its Clover platform [4]. - Key issues include forced migrations from the older Payeezy platform to Clover, which temporarily inflated Clover's revenue growth and GPV, masking a slowdown in new merchant business [4]. - Following the forced conversions, 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 [4]. Group 2: Market Reaction - On April 24, 2025, Fiserv reported a GPV growth of only 8% for Q1 2025, a decline from 14-17% in 2024, causing the stock to drop 18.5% to $176.90 per share [5]. - On May 15, 2025, Fiserv announced continued deceleration in GPV growth, resulting in a further stock drop of 16.2% to $159.13 per share [5]. - On July 23, 2025, Fiserv lowered its full-year organic growth guidance and reported a deceleration in quarterly organic revenue growth to 9% year-over-year, leading to a stock decline of 13.9% to $143.00 per share [5]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $75,000 in Fiserv between July 24, 2024, and July 22, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The deadline for seeking the role of lead plaintiff in the federal securities class action against Fiserv is September 22, 2025 [2][6]. - Any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [6].