NEW YORK, May 04, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Fidelity National Information Services, Inc. (“Fidelity National” or the “Company”) FIS. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Fidelity National and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

In 2019, Fidelity National acquired payment processing company Worldpay Inc. (“Worldpay”) for $48 billion. Then, on February 13, 2023, Fidelity National took a $17.6 billion write-down on its Worldpay business and announced plans to spin off the unit.

As a result of this news, Fidelity National’s share price fell $9.43 per share, or 12.5%, to close at $66.00 on February 13, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered billions of dollars in damages on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980