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FIS.US
id: 598
Fidelity National (FIS) Fraud Case
M.D. Florida
Court 3:23-cv-00252-TJC-PDB
Case number09 Feb 2021
Class period Start10 Feb 2023
Class period End05 May 2023
Lead Plaintiff motion deadline- Fidelity National (FIS) booked a $17.6B write-down on its Worldpay.
- Fidelity National’s (FIS) stock price fell 12.5%, injuring investors.
- Investors suspect Fidelity National (FIS) and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 13, 2023, Fidelity National booked (FIS) a $17.6 billion write-down on its Worldpay business and announced plans to spin off the unit.
On this news, Fidelity National’s (FIS) stock price fell 12.5%, injuring investors.
In 2019, Fidelity National (FIS) acquired the payment-processing company Worldpay Inc. for $48 billion.
Taking all facts into account, Investors have reasons to suspect that Fidelity National (FIS) and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Case Status
Motion to dismiss
Alleged Offence
Mismanagement,
Malpractice,
Negligence,
Breach of Fiduciary duty
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10 February 2023
Lead Plaintiff Deadline
05 May 2023