NEW YORK, March 17, 2023 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Fidelity National Information Services, Inc. (“Fidelity National” or the “Company”) (NYSE: FIS). A complaint has been filed on behalf of investors who purchased Fidelity National common stock between February 9, 2021 and February 10, 2023 (the “Class Period”).
If you acquired Fidelity National common stock during the Class Period and would like to discuss this case or our investigation, please click here. Or, you may contact us by emailing [email protected] or calling (646) 315-9003 or click here.
If you are a member of the proposed Class, you may move the court no later than May 5, 2023 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.
On July 31, 2019, Fidelity National closed the $43 billion acquisition of the payment-processing company Worldpay Inc. (“Worldpay”).
Then, on February 13, 2023, Fidelity National booked a $17.6 billion write-down on its Worldpay business and announced plans to spin off the unit. According to the complaint, the write-down constituted more than 40% of Fidelity National’s purchase price for Worldpay just a few years earlier.
Following this news, Fidelity National common stock fell $9.43 per share, 12.5%, to close at $66 per share on February 13, 2023.
WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
If you have any questions about this Notice, your rights, or your interests, please contact:
Pamela Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: [email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: [email protected]
