Investors Target Fiserv, Inc. Over Securities Fraud Claims
Overview of the Securities Fraud Lawsuit Against Fiserv, Inc.
Investors in Fiserv, Inc. (FI) have been alerted to an ongoing securities fraud lawsuit initiated by Glancy Prongay & Murray LLP, urging those who experienced financial losses to take action. This class action lawsuit concerns investors who acquired Fiserv, Inc. common stock during a specific period and felt the negative impact of several unfavorable developments tied to the company's financial performance.
Understanding What Led to the Lawsuit
Key Events Impacting Stock Performance
In April 2025, Fiserv disclosed disappointing growth figures regarding its merchant payment service known as Clover. Specifically, the company revealed a mere 8% growth in gross payment volume (GPV) for the first quarter, a significant decline from the previous year's growth of 14% to 17%. This announcement triggered a swift reaction from the market, resulting in a substantial 18.5% decrease in Fiserv's stock price, which plummeted by $40.20 per share.
Continued Decline and Investor Injuries
The situation worsened when Fiserv, on May 15, 2025, announced that the decline in GPV growth would persist throughout that fiscal year. Following this revelation, investors witnessed another sharp drop in the stock price, falling 16.2% to close at $159.13. On July 23, 2025, the company confirmed further reduction in its organic growth guidance, which prompted yet another significant decline in stock value, closing at $143.00—a 13.8% decrease.
Details of the Class Action Lawsuit
The class action lawsuit alleges that the defendants within Fiserv made materially false and misleading claims regarding the company's performance. Specifically, the plaintiffs contend that Fiserv failed to disclose critical information about operational issues, particularly concerning its older Payeezy platform, which led to forced migrations to Clover. The lawsuit highlights that these conversions misrepresented the sustainability of Clover’s revenue growth while simultaneously concealing a concerning decline in new business acquisitions.
Date and Participation in the Lawsuit
Investors who purchased or otherwise acquired Fiserv stock during the specified class period—ranging from July 24, 2024, to July 22, 2025—are invited to step forward and potentially participate in the class action. The deadline for filing a lead plaintiff motion in this case is set for September 22, 2025. Affected investors can reach out for further details on participating and pursuing their claims under federal securities laws.
Contact for More Information
Individuals who are interested in learning more about their rights as investors in Fiserv, or those wishing to connect with the law firm handling this case, can reach out to Glancy Prongay & Murray LLP. The contact details are as follows:
Charles Linehan, Esq.
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Frequently Asked Questions
What is the class action lawsuit against Fiserv about?
The lawsuit alleges that Fiserv made false statements regarding its business and failed to disclose significant issues with its payment platforms, impacting its stock performance.
Who can participate in the class action?
Investors who purchased Fiserv stock during the class period from July 24, 2024, to July 22, 2025, may be eligible to participate in the class action.
What should I do if I lost money on my Fiserv investments?
If you suffered losses during the given timeframe, consider contacting the law firm Glancy Prongay & Murray LLP for guidance on participating in the class action.
How has Fiserv's stock performed recently?
Fiserv's stock has experienced significant declines in value due to disappointing financial reports and growth forecasts, directly impacting investor sentiment.
What are the deadlines for joining the lawsuit?
The deadline for filing a lead plaintiff motion in the Fiserv class action is September 22, 2025. Interested parties should act promptly to secure their position.
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