Fiserv investors sue for alleged securities fraud.

• Fiserv investors sue over alleged securities fraud • Lawsuit seeks to recover losses from July 2024 to July 2025 • Claims Fiserv concealed issues with Payeezy platform • Forced merchants to convert to Clover platform • Clover's revenue growth boosted by forced conversions • Lawsuit filed by Levi & Korsinsky, LLP

Fiserv, Inc. (NYSE: FI) investors are suing the company over alleged securities fraud, according to a class action lawsuit filed by Levi & Korsinsky, LLP. The lawsuit seeks to recover losses for investors who were adversely affected by the alleged fraud between July 24, 2024, and July 22, 2025 [1].

The complaint alleges that Fiserv made false statements and concealed material information regarding its point-of-sale platforms, Payeezy and Clover. Specifically, the lawsuit claims that Fiserv forced Payeezy merchants to convert to its Clover platform due to cost issues and other problems with the older Payeezy platform. This forced conversion temporarily boosted Clover's revenue and gross payment volume (GPV) growth, masking a slowdown in new merchant business. However, shortly after the conversions, many former Payeezy merchants switched to competing solutions due to Clover's high pricing, inadequate customer service, and other issues. As a result, Clover's GPV growth slowed significantly, and its revenue growth became unsustainable. The lawsuit further alleges that Fiserv's positive statements about Clover's growth strategies, competition, attrition, GPV growth, and business prospects were materially false and misleading [2].

Investors who suffered losses during the relevant time frame have until September 22, 2025, to request that the Court appoint them as lead plaintiff. Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs or fees for class members [1].

Levi & Korsinsky, LLP, a prominent securities litigation firm, is representing the investors in this case. The firm has a track record of securing hundreds of millions of dollars for aggrieved shareholders and has been ranked among the top securities litigation firms in the United States for seven consecutive years [2].

References:

[1] https://www.prnewswire.com/news-releases/fiserv-inc-class-action-levi--korsinsky-reminds-fiserv-inc-investors-of-the-pending-class-action-lawsuit-with-a-lead-plaintiff-deadline-of-september-22-2025--fi-302530670.html
[2] https://www.marketscreener.com/news/fiserv-inc-class-action-levi-korsinsky-reminds-fiserv-inc-investors-of-the-pending-class-acti-ce7c51dedf8cf620