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Investors who lost money on Fiserv, Inc.(FI) should contact The Gross Law Firm about pending Class Action - FI
FiservFiserv(US:FI) GlobeNewswire News Room·2025-08-27 20:30

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fiserv, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's Clover platform and its impact on merchant business [1][3]. Allegations - The complaint alleges that Fiserv forced Payeezy merchants to convert to its Clover platform due to issues with the older Payeezy platform [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 switched to competitors due to Clover's high pricing and inadequate customer service [3]. - As a result, Clover's GPV growth slowed significantly, and its revenue growth became unsustainable [3]. - Fiserv's positive statements regarding Clover's growth strategies and business prospects were deemed materially false and misleading [3]. Class Action Details - The class period for the lawsuit is from July 24, 2024, to July 22, 2025 [3]. - Shareholders are encouraged to register for the class action by September 22, 2025, to participate in potential recovery [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].