Core Viewpoint - The Gross Law Firm is notifying shareholders of Fiserv, Inc. regarding a class action lawsuit due to allegations of misleading statements and failure to disclose critical issues related to the company's Clover platform and its impact on revenue growth [1][3]. Group 1: Allegations - The complaint alleges that Fiserv forced merchants using its older Payeezy platform to switch to the Clover platform due to cost issues and other problems [3]. - Clover's revenue growth was temporarily inflated by these conversions, masking a slowdown in new merchant acquisitions [3]. - A significant number of former Payeezy merchants transitioned to competing solutions due to Clover's high pricing and inadequate customer service [3]. - As a result of losing these merchants, Clover's growth in Gross Payment Volume (GPV) and revenue became unsustainable [3]. - Fiserv's positive statements regarding Clover's growth strategies and business prospects during the class period were deemed materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 24, 2024, to July 22, 2025 [3]. - Shareholders are encouraged to register for the class action by September 22, 2025, to be eligible for potential recovery [4]. - Registration includes enrollment in a portfolio monitoring software to provide updates throughout the case [4]. Group 3: Law 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]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of September 22, 2025 in Fiserv, Inc. Lawsuit – FI