Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 24, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Fidelity National Information Services, Inc. (“Fidelity” or the “Company”) (NYSE: FIS) investors that a lawsuit filed on behalf of investors that purchased Fidelity (NYSE: FIS) securities between February 9, 2021 and February 10, 2023(the “Class Period”).
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Fidelity's CFO stepping down caused a 7.3% drop in the company's stock price on August 4, 2022. On November 3, 2022, Fidelity reported that its Merchant Solutions segment, specifically its recent acquisition of Worldpay, suffered a 28% stock price drop due to a margin contraction of 430 basis points. On February 13, 2023, Fidelity announced the spinoff of Worldpay, resulting in a $17.6 billion write-down on the asset, causing a 12.5% drop in the company's stock price. The complaint filed against Fidelity alleges that the company made materially false and misleading statements throughout the Class Period and failed to disclose material adverse facts about its business, operations, and prospects.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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