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FIS.US
id: 598, Created by Stan Vick Chase, Scout

Join Fidelity National (FIS) Fraud Case to Fight Losses

  • 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.
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
Case number
3:23-cv-00252-TJC-PDB
Lead Plaintiff Deadline
05 May 2023
Court
Middle District of Florida
Collecting participants…
Created by Stan Vick Chase, Scout

Fidelity National Information Services Inc

Fidelity National Information Services, Inc. provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capita...

    Ticker
    FIS.US
    ISIN
    US31620M1062
    CIK
    1136893
    Sector
    Technology
    Industry
    Information Technology Services
    Country
    USA
    Address
    601 Riverside Avenue, Jacksonville, FL, United States, 32204