In a dramatic turn of events, Fiserv, Inc., a prominent player in the financial services sector, finds itself embroiled in a class action lawsuit. The legal action, aimed at recovering losses for shareholders, accuses the company of securities fraud during the period from July 24, 2024, to July 22, 2025. The lawsuit alleges that Fiserv misled investors by concealing critical issues with its point-of-sale platforms.
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According to the complaint, Fiserv’s older platform, Payeezy, faced significant cost and operational challenges, prompting the company to transition merchants to its newer Clover platform. While this move temporarily inflated Clover’s revenue and gross payment volume (GPV) growth, it masked a troubling decline in new merchant acquisitions. The lawsuit further claims that many former Payeezy merchants soon abandoned Clover due to its high costs and poor customer service, leading to a slowdown in Clover’s growth and unsustainable revenue figures. These revelations suggest that Fiserv’s optimistic public statements about Clover’s growth and competitive edge were misleading.
For those who experienced financial losses with Fiserv stock during this period, there is an opportunity to seek recovery. Affected shareholders are encouraged to visit [this link](https://zlk.com/pslra-1/fiserv-inc-lawsuit-submission-form?wire=18) to understand their rights and the steps to participate in the lawsuit. There is no cost or obligation to join the action.
The lawsuit is spearheaded by Levi & Korsinsky LLP, a firm renowned for its expertise in securities litigation. With a strong track record of securing substantial settlements for shareholders, the firm is well-equipped to handle complex legal battles. Their reputation as a top-tier securities litigation firm is backed by consistent recognition in industry rankings.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171