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FIS.US
id: 598
Fidelity ($FIS) $210M Investor Settlement
Eligible claimants can submit their claims for compensation.
$210,000,000
Cash SettlementM.D. Florida
Court3:23-cv-00252-TJC-PDB
Case number05/07/2020
Class period Start02/10/2023
Class period End05/28/2026
Claim deadlineFidelity National Information Services ($FIS) has agreed to settle $210M with investors to resolve claims that it misled them about the success of its $43 billion Worldpay acquisition and concealed performance issues.
Outline:
Between 2021 and 2023, Fidelity National stated that the Worldpay acquisition was performing well and generating meaningful synergies. During that same period, senior executives departed, results in the Merchant Solutions segment weakened, and the company later disclosed a $17.6 billion impairment related to Worldpay. As these issues became public, FIS shares fell more than 40%, leading investors to file a lawsuit.
Timeline:
- July 31, 2019: Fidelity National acquired Worldpay for $43 billion.
- February 9, 2021 – February 10, 2023: The company repeatedly claimed successful integration and synergy realization.
- November 3, 2022: $FIS plunged 29% after reporting a margin decline in Merchant Solutions.
- February 13, 2023: The company announced a Worldpay spin-off and a $17.6 billion impairment. $FIS dropped 12%.
- March 6, 2023: Investors filed a class action lawsuit against FIS.
- December 19, 2025: Fidelity National reached a settlement with investors to resolve the claims.
Background:
On July 31, 2019, FIS completed its acquisition of Worldpay, a global payments company, in a deal valued at about $43 billion, including debt. At the time, FIS described the acquisition as a key step to expand its payments business and drive future growth.
From 2020 through early 2023, FIS stated that the integration of Worldpay was progressing as expected and that the combined business would generate revenue growth over time.
On August 4, 2022, FIS disclosed updated information about its business and announced the resignation of its chief financial officer.
Following the announcement, $FIS fell about 7%.
After that, on November 3, 2022, FIS reported lower profit margins in its Merchant Solutions segment.
After the update, the stock declined by roughly 29%.
On February 13, 2023, FIS announced plans to separate Worldpay and recorded a $17.6 billion goodwill impairment, reflecting a decline in the unit’s value.
The stock fell another 12% after the announcement.
Following these events, investors filed a class action lawsuit, claiming that FIS did not fully disclose problems related to the Worldpay integration and the value of its goodwill.
What Can Investors Expect Now?
Fidelity National Information Services ($FIS) has agreed to settle $210M with investors to resolve claims that it misled them about the success of its $43 billion Worldpay acquisition and concealed performance issues.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section below.
Case Type
US Securities Class Action
Case Status
Accepting Claims
Alleged Offence
Mismanagement,
Malpractice,
Negligence,
Breach of Fiduciary duty
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.42
Filing date
03/06/2023
Lead Plaintiff Deadline
05/05/2023
Plaintiffs
Palm Bay Police and Firefighters' Pension Fund
Attorneys
Labaton Sucharow LLP
Administrator
Verita Global
Settlement agreement date
2025-12-19
Court hearing date
07/09/2026
Exclusion deadline
05/28/2026
Objection deadline
05/28/2026
Attorney fee
$46,200,000
Trades matching type
FIFO
Frequently Asked Questions
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