SAN DIEGO, March 15, 2023 (GLOBE NEWSWIRE) — The class: Robbins LLP reminds investors that a shareholder has filed a class action lawsuit on behalf of any person or entity holding Fidelity National Information Services, Inc. FIS Common stock between February 9, 2021 and February 10, 2023 for violations of the Securities Exchange Act of 1934. Fidelity National provides global e-commerce and payments technology to financial institutions and corporations and has grown in recent years to become the largest processing and payments company in the world World.

What now: Shareholders in a similar situation may be eligible to participate in the class action lawsuit against Fidelity National. Shareholders who wish to be lead plaintiffs in the class action must file their filings by May 5, 2023. A Lead Plaintiff is a representative party acting on behalf of other Class Plaintiffs in the conduct of the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information Here.

All representations are on a contingency fee basis. Shareholders pay no fees or costs.

What is it about in this case: Fidelity National Information Services, Inc. (FIS) misled investors regarding the Worldpay, Inc. integration

According to the complaint, on July 31, 2019, Fidelity National announced that it had completed the acquisition of payments company Worldpay, Inc. (“Worldpay”) for $43 billion, consisting of $35 billion in cash and the acquisition of $8 billion in debt. During the class action, the defendants assured investors that they had “successfully completed the Worldpay integration” and touted the benefits of the Worldpay integration for the company.

Investors were beginning to learn that the company’s key merchant solutions segment was underperforming and that the company’s integration of Worldpay was not “successfully completed.” Following a series of revelations beginning August 4, 2022 – including that Fidelity National would spin off Worldpay, recognizing a staggering $17.6 billion in the process…