Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fiserv, Inc. regarding a class action lawsuit alleging misleading statements and omissions related to the company's Clover platform and its impact on merchant business [1][3]. Allegations - The lawsuit claims that Fiserv misled investors by failing to disclose issues with its older Payeezy platform, which forced merchants to switch to Clover, artificially inflating Clover's revenue and GPV growth [3]. - It is alleged that the conversion to Clover led to a significant number of former Payeezy merchants switching to competitors due to high pricing and inadequate customer service, resulting in a slowdown of Clover's GPV growth and unsustainable revenue growth [3]. - The complaint asserts that Fiserv's positive statements about Clover's growth strategies and business prospects during the class period were materially false and misleading [3]. Class Period and Deadlines - The class period for the lawsuit is from July 24, 2024, to July 22, 2025, with a deadline for shareholders to register as lead plaintiffs by September 22, 2025 [3][4]. Next Steps for Shareholders - Shareholders who purchased Fiserv shares during the specified timeframe are encouraged to register for the class action, which includes enrollment in a portfolio monitoring software for updates on the case [4].
Fiserv, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before September 22, 2025 to Discuss Your Rights – FI