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FIS.US
id: 598, Created by Stan Vick, Scout
Fidelity National (FIS) Fraud Case
What do I get by joining?
- You will get case updates and receive a payout in case of success
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- No, you do not pay anything out of your pocket neither to us nor to attorney
M.D. Florida
Court 3:23-cv-00252-TJC-PDB
Case number- 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
Lead Plaintiff Deadline
05 May 2023