Fidelity ($FIS) $210M Investor Settlement
Fidelity National Information Services ($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.
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.
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.
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.
Frequently Asked Questions
All persons and entities who or which, during the period from May 7,
2020 through February 10, 2023, inclusive, purchased the publicly
traded common stock of FIS, and were allegedly damaged thereby.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
The final payout amount depends on your specific trades and the number of investors participating in the settlement.
If 100% of investors file their claims - the average payout will be $0.42 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $1.68 per share.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.