Investors in Fiserv warned of potential class action lawsuit opportunity

Fiserv Inc. investors who bought or obtained common stock between July 24, 2024, and July 22, 2025, have the potential to participate in a class action lawsuit against the company. The lawsuit asserts that Fiserv and its leadership engaged in deceptive practices by not disclosing problems with the Payeezy platform, as well as short-term and unsustainable revenue growth and a slowdown in gross payment volume (GPV) growth. Shareholders who faced significant losses have until September 22, 2025, to put forth a claim as lead plaintiff for the class action.

The legal action, known as City of Hollywood Police Officers’ Retirement System v. Fiserv, Inc., No. 25-cv-06094 (S.D.N.Y.), was initiated by Robbins Geller Rudman & Dowd LLP on behalf of the City of Hollywood Police Officers’ Retirement System. The lawsuit contends that Fiserv did not disclose that they compelled Payeezy merchants to transition to the Clover platform, artificially inflating Clover’s revenue and GPV temporarily. This move masked a decline in new merchant acquisitions and saw a notable portion of ex-Payeezy merchants switch to competitors due to Clover’s high costs, frequent downtime, and compatibility issues [4].

Furthermore, the legal complaint states that Fiserv withheld information about the deceleration in Clover’s GPV expansion and the unsustainable nature of its revenue growth. Upon the revelation of these concealed facts, Fiserv’s stock took a significant hit, plummeting from $176.90 on April 24, 2025, to $143.00 on July 23, 2025 [2].

Shareholders who aspire to represent the class action lawsuit as the lead plaintiff must lodge their motions with the court by September 22, 2025. The lead plaintiff takes the lead in managing the legal proceedings on behalf of other class members. However, shareholders who opt not to participate can stay on as absent class members and may still be entitled to financial compensation. Legal representation in this lawsuit operates on a contingent fee basis, which means that shareholders will not incur any costs or expenses.

For more details, shareholders can refer to Robbins Geller Rudman & Dowd LLP’s website or contact the attorneys, J.C. Sanchez, or Jennifer N. Caringal, by calling 800/449-4900 or via email.