Fidelity National Information Services, Inc. (NYSE: FIS)

This lawsuit is for anyone who acquired securities in Fidelity National Information Services, Inc. (NYSE: FIS) from February 9, 2021 through February 10, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely inform investors that the integration of Worldpay was not going as well as the Company had led investors to believe.

On August 4, 2022, Fidelity announced that its Chief Financial Officer planned to step down as Corporate Executive Vice President and CFO. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on November 3, 2022, the Company reported that its Merchant Solutions segment – specifically, its latest acquisition, Worldpay – had suffered a “margin contraction of 430 basis points.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Fidelity National Information Services, Inc. (NYSE: FIS) from February 9, 2021 through February 10, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.