Fiserv Investors Sue Over Alleged Securities Fraud

Fiserv, Inc. investors who suffered losses between July 24, 2024 and July 22, 2025, may be eligible to join a class action lawsuit. The lawsuit alleges that the company made false statements about its growth strategies, competition, and business prospects. Investors have until September 22, 2025, to request to be appointed as lead plaintiff. Levi & Korsinsky is representing the investors and has secured hundreds of millions of dollars for aggrieved shareholders in the past.

Investors in Fiserv, Inc. (NYSE: FI) who experienced losses between July 24, 2024, and July 22, 2025, are being encouraged to join a class action lawsuit. The lawsuit, filed by the law firm Bronstein, Gewirtz & Grossman, LLC, alleges that Fiserv made false and misleading statements regarding its growth strategies, competition, and business prospects during this period [1].

The class action seeks to recover damages on behalf of investors who purchased or otherwise acquired Fiserv securities during the specified timeframe. The complaint alleges that Fiserv's Payeezy platform faced cost-related issues and other problems, leading the company to force merchants to transition to its Clover platform. This transition artificially inflated Clover's reported revenue and gross payment volume (GPV) growth, masking a slowdown in new merchant acquisition. Furthermore, many former Payeezy merchants abandoned Clover due to high pricing, poor customer service, and operational deficiencies, resulting in a deceleration of Clover's GPV growth and unsustainable revenue growth [2].

Investors have until September 22, 2025, to request that the court appoint them as lead plaintiffs. The law firm, known for representing investors in securities fraud class actions, is offering its services on a contingency fee basis, meaning they will only be compensated if successful [1].

The lawsuit and recent disclosures have brought near-term uncertainty to Fiserv's investment narrative. The company's ability to capture ongoing shifts to digital payments, particularly through platforms like Clover, is now under scrutiny. The legal outcomes of these class action lawsuits and the impact on Fiserv's transparency and guidance will be significant short-term risks. However, the company's robust financial flexibility, as evidenced by its new $8.0 billion multicurrency revolving credit facility, provides some reassurance about near-term operations [3].

Investors should closely monitor the developments in this case and consider the potential impact on Fiserv's long-term growth prospects. The company's outlook anticipates $24.6 billion in revenue and $5.9 billion in earnings by 2028, but these projections may be influenced by the outcome of the ongoing litigation.

References:
[1] https://www.morningstar.com/news/globe-newswire/9513012/fi-investor-alert-bronstein-gewirtz-grossman-llc-announces-that-fiserv-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit
[2] https://www.globenewswire.com/news-release/2025/08/21/3137514/9788/en/FI-INVESTOR-ALERT-Bronstein-Gewirtz-Grossman-LLC-Announces-that-Fiserv-Inc-Investors-with-Substantial-Losses-Have-Opportunity-to-Lead-Class-Action-Lawsuit.html
[3] https://finance.yahoo.com/news/litigation-over-clover-disclosures-reshaping-102320978.html