Kuehn Law Encourages Investors of Fiserv, Inc. to Contact Law Firm
September 09, 2025 10:55 AM EDT | Source: Kuehn Law, PLLC
New York, New York--(Newsfile Corp. - September 9, 2025) - Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Fiserv, Inc. (NYSE: FI) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at Fiserv caused the company to misrepresent or fail to disclose that (a) due to cost issues and other problems with its Payeezy platform, Fiserv forced Payeezy merchants to migrate to its Clover platform; (b) Clover's revenue growth and GPV growth were temporarily and unsustainably boosted by these forced conversions, which concealed a slowdown in new merchant business; (c) shortly after these conversions, a significant portion of former Payeezy merchants switched to competing solutions due to Clover's high pricing, inadequate customer service, and other issues; (d) as a result of these merchant losses, Clover's GPV growth was significantly slowing, and its revenue growth was unsustainable; and (e) based on the foregoing, Fiserv's positive Class Period statements about Clover's growth strategies, competition, attrition, GPV growth, and business prospects were materially false and misleading.
If you currently own FI and purchased prior to July 24, 2024 please contact Justin Kuehn, Esq. here, by email at justin@kuehn.law or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
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For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.
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Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin@kuehn.law
(833) 672-0814
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265681