Core Insights - FIS stockholders have alleged that the company and its executives made materially false or misleading statements regarding the 2019 acquisition of Worldpay, which led to an artificial inflation of FIS shares [3] - The lawsuit claims that when these misstatements were revealed, the stock price of FIS suffered significantly, with shares dropping approximately 36% from $104.13 on August 3, 2022, to $66 on February 13, 2023 [4] Acquisition Details - In 2019, FIS agreed to acquire Worldpay for $35 billion, which amounted to about $43 billion when including debt [5] - The acquisition was part of a strategy to create a larger banking and payments entity, emphasizing the importance of scale in the rapidly changing industry [6] Settlement Agreement - FIS has agreed to pay $210 million to settle the lawsuit, with an expected recovery of about 42 cents per damaged share, which may be reduced to 32 cents after accounting for legal fees and expenses [7] - The defendants, including FIS CEO Stephanie Ferris and former CEO Gary Norcross, have denied all allegations of wrongdoing and any liability related to the lawsuit [7]