The suit alleges that Fiserv, Inc., along with its CEO and CFO, violated federal securities laws by making false and misleading statements about the company’s financial health and growth prospects between July 23 and October 28, 2025. The suit claims that management overstated achievable growth and embedded unrealistic assumptions in financial guidance, which resulted in a sharp decline in Fiserv’s stock price after the company drastically cut its forecasts and revealed poor third-quarter results, triggering a 44% drop that erased approximately $30 billion in market value. Investors were allegedly misled by positive reporting and assurances about strategic direction, which proved unattainable and required a significant overhaul in company leadership and business strategy. The complaint seeks damages on behalf of all investors who purchased Fiserv stock during the class period.
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