Fiserv(US:FI) Globenewswire·2025-11-04 21:33Core Viewpoint - Scott+Scott Attorneys at Law LLP has filed a securities class action lawsuit against Fiserv, Inc. and certain of its directors and officers, alleging misleading statements and omissions regarding the company's initiatives and projects during the Class Period from July 23, 2025, to October 29, 2025 [1][4][5] Group 1: Lawsuit Details - The lawsuit asserts claims under §§10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 on behalf of all persons and entities who purchased Fiserv securities during the Class Period [1] - The class action is titled Cypanga Sicav SIF v. Fiserv, Inc., et al., Case No. 2:25-cv-01716 [1] - The lead plaintiff deadline for the lawsuit is set for January 5, 2026 [2][6] Group 2: Allegations Against Fiserv - The lawsuit alleges that during the Class Period, Fiserv made misleading statements regarding its 2025 guidance, which was revised in July 2025 [4] - Fiserv claimed that the guidance changes were based on a review of new initiatives and products, stating that while some projects were delayed, they were fundamentally sound [4] - However, Fiserv later admitted that the guidance was based on assumptions that were difficult to achieve, leading to artificially inflated security prices and subsequent damages when the truth was revealed [5] Group 3: Class Member Information - Individuals who purchased Fiserv securities during the Class Period and were damaged may be members of the Class and can seek appointment as lead plaintiff [7] - A motion to apply for lead plaintiff must be filed with the U.S. District Court for the Eastern District of Wisconsin by January 5, 2026 [8] - Class members do not need to seek appointment as lead plaintiff to share in any recovery from the Class Action [8]