National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP encourages investors in Fidelity National Information Services, Inc. (“Fidelity National” or the “Company”) who suffered losses from purchasing Fidelity National common stock (NYSE: FIS) between February 9, 2021 and February 10, 2023 to contact us immediately regarding pending securities fraud class action against Fidelity National. The deadline to apply to be a lead plaintiff is May 5, 2023.
Class Period: February 9, 2021 – February 10, 2023
Lead Plaintiff Motion Deadline: May 5, 2023
Case information: lieffcabraser.com/securities/fidelity-national
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The action alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) the integration of Worldpay, a payments company acquired in 2019, into Fidelity National’s Merchant Solutions segment was not ahead of schedule; (2) Worldpay’s integration was not completed during the Class Period; and (3) Worldpay’s integration did not increase revenue synergies.
On August 4, 2022, Fidelity National announced that its Chief Financial Officer was going to step down. On this news, the price of Fidelity National stock fell 7.26% to close at $96.57 per share on August 4, 2022.
On November 3, 2022, Fidelity National announced disappointing financial results for 3Q 2022 and that profit margins in its Merchant Solutions division were under significant pressure. On this news, the price of Fidelity National stock fell 28.04% to close at $57.18 per share on November 3, 2022.
On February 13, 2023, Fidelity National announced that it was going to spin off the Worldpay business and record a $17.6 billion goodwill impairment charge relating to its Merchants Solutions business. On this news, the price of Fidelity National stock fell 12.63% to close at $66.00 per share on February 13, 2023.
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Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $127 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.
FIDELITY NATIONAL INVESTORS: May 5, 2023 Filing Deadline in #Securities #ClassAction – Contact Lieff Cabraser #stocknews #FIS $FIS
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