Philadelphia, Pennsylvania--(Newsfile Corp. - March 9, 2023) - Grabar Law Office is investigating potential claims on behalf of Fidelity National Information Services, Inc. (NYSE: FIS) shareholders. The investigation concerns whether certain officers of Fidelity National have breached their fiduciary duties owed to the company.
On July 31, 2019, Fidelity National announced it had completed the acquisition of payments company Worldpay, Inc. for $43 billion, which became part of the Fidelity National Merchant Solutions business. Throughout the Class Period, Defendants assured investors that the integration of Worldpay was "ahead of schedule," achieved "success in revenue synergies," and ultimately was "successfully completed."
A class action complaint has been filed that alleges that, certain officers of Fidelity National misled investors and/or failed to disclose that (1) the integration of Worldpay was not ahead of schedule; (2) the integration of Worldpay was not successfully completed; (3) the increases in revenue synergies were not driven by the Worldpay integration; and (4) as a result, the positive statements about the Company's financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Fidelity National shareholders who have held Fidelity National stock since before February 9, 2021 can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them whatsoever.
If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/fidelity-national-shareholder-investigation/, contact us at jgrabar@grabarlaw.com, or call Joshua Grabar at 267-507-6085.
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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com
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