Julie & Holleman LLP, whose attorneys have helped recover hundreds of millions of dollars and secured extensive governance reforms, is investigating potential claims against Fiserv, Inc. (NASDAQ: FISV) insiders in connection with losses suffered by the company's stockholders.
Additional Information
According to court filings, Fiserv engaged in a massive cover-up by concealing facts about its business performance and growth prospects. Among other things, a complaint alleges that the company failed to disclose problems with its older Payeezy platform and also that the company's revenues were artificially and temporarily boosted by forced migrations from Payeezy to the Clover platform. Following this forced migration, numerous former Payeezy customers reportedly switched to competitors, thus significantly injuring the company's business.
When the truth emerged, Fiserv's stock plummeted.
Julie & Holleman, whose attorneys have helped secure hundreds of millions of dollars in prior cases, is investigating legal claims against Fiserv, its executives, and potentially also the company's board of directors in connection with the alleged fraud.