Lawsuit filed for Long-Term Investors in shares of Fidelity National Information Services, Inc. (NYSE: FIS)

An investor in shares of Fidelity National Information Services, Inc. (NYSE: FIS), filed a lawsuit against certain directors of Fidelity National Information Services over alleged wrongdoing..

Investors who purchased shares of Fidelity National Information Services, Inc. (NYSE: FIS) prior to February 2021 and continue to hold any of those shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that certain directors of Fidelity National Information Services overhyped the success of an acquisition that lead to a over $40 billion declined in market capitalization of Fidelity National Information Services

On July 31, 2019, Fidelity National Information Services, Inc. announced it had completed the acquisition of payments company Worldpay, Inc. ("Worldpay") for $43 billion, which became part of the Fidelity National Merchant Solutions business.

On August 4, 2022, when Fidelity National Information Services, Inc. announced that its Chief Financial Officer James Woodall planned to "step down."

Then, on November 3, 2022, Fidelity National Information Services, Inc. announced disappointing results for the third quarter of 2022, including that profit margins in the Merchant Solutions business "saw continued pressure in the quarter" resulting "in an overall adjusted EBITDA margin contracting 150 points year-on-year."

Finally, on February 13, 2023, Fidelity National Information Services, Inc. announced that it would be spinning off Worldpay and recording a goodwill impairment charge of $17.6 billion related to its Merchants Solutions business.

Shares of Fidelity National Information Services, Inc. (NYSE: FIS) declined from over $155.96 per share in April 2021 to as low as $48.57 per share on March 24, 2023.

Those who purchased shares of Fidelity National Information Services, Inc. (NYSE: FIS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.