Judge combines Fiserv lawsuits
Summary
A Wisconsin federal judge ordered two shareholder lawsuits against payments processor Fiserv be combined and transferred to the Southern District of New York. The judge found the complaints arise from common facts tied to executives’ investor communications from 2024–2025, including allegations about forced merchant migrations to the Clover POS and misleading statements about Clover growth. The New York action, led by Ethenea Independent Investors SA and the City of Hollywood Police Officers’ Retirement System, names former CEO Frank Bisignano and CEO Mike Lyons; one Wisconsin suit did not include Bisignano. Fiserv says it disagrees with the suits and will vigorously defend itself as the consolidated litigation proceeds in New York.
Classifications
industries
Fintech & Banking
applications
Web and Content Management
AskAI Classifications
Labels
Fintech Software
Payment Processing Software
Point of Sale (POS) Software
