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Fiserv Investors File Lawsuit Over Alleged Securities Fraud.
ByAinvest
Tuesday, Aug 5, 2025 8:51 am ET1min read
• Fiserv investors file class action lawsuit for alleged securities fraud. • Allegations of false statements and concealed information about cost issues with Payeezy and Clover platform. • Lawsuit seeks to recover losses between July 24, 2024 and July 22, 2025. • Investors may contact Joseph E. Levi, Esq. for more information.
Fiserv investors have filed a class action lawsuit alleging securities fraud. The lawsuit, captioned City of Hollywood Police Officers' Retirement System v. Fiserv, Inc., No. 25-cv-06094 (S.D.N.Y.), was filed by Robbins Geller Rudman & Dowd LLP on behalf of investors who purchased or acquired Fiserv, Inc. (NYSE: FI) common stock between July 24, 2024 and July 22, 2025 [1].The lawsuit alleges that Fiserv made false and misleading statements about its business, operations, and prospects. Specifically, it claims that Fiserv concealed a slowdown in new merchant business due to high pricing, inadequate customer service, and other issues with its Payeezy platform. The lawsuit also alleges that Fiserv temporarily boosted the revenue growth and gross payment volume (GPV) of its Clover platform by forcing Payeezy merchants to migrate to it. However, many former Payeezy merchants switched to competing solutions due to Clover's high pricing and inadequate customer service, leading to a slowdown in Clover's GPV growth and revenue growth [1].
On April 24, 2025, Fiserv reported that Clover's GPV growth had slowed to 8% for the first quarter of 2025, a significant decrease from the 2024 rates of between 14% and 17%. This news led to a more than 18% drop in Fiserv's stock price [1]. Similar drops occurred on May 15, 2025, and July 23, 2025, when Fiserv disclosed further decelerations in Clover's GPV growth and revenue growth, respectively [1].
Investors are urged to contact Robbins Geller Rudman & Dowd LLP or Lieff Cabraser Heimann & Bernstein, LLP to inquire about potentially pursuing claims to recover their losses under the federal securities laws. The deadline to file a lead plaintiff motion is September 22, 2025 [1, 2].
References:
[1] https://www.prnewswire.com/news-releases/fiserv-investor-notice-robbins-geller-rudman--dowd-llp-announces-that-fiserv-inc-investors-with-substantial-losses-have-opportunity-to-lead-investor-class-action-lawsuit---fi-302519307.html
[2] https://www.nasdaq.com/press-release/fiserv-inc-fi-investors-september-22-2025-filing-deadline-securities-class-action-0
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