FIDELITY NATIONAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Fidelity National Information Services, Inc. - FIS

NEW ORLEANS, April 28, 2023

What You May Do

If you purchased shares of Fidelity National and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-fis/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 5, 2023.

About the Lawsuit

Fidelity National and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On July 31, 2019, the Company announced it had completed the acquisition of payments company Worldpay, Inc. for $43 billion, which became part of the Fidelity National Merchant Solutions business. The Company subsequently, assured investors that the integration of Worldpay was "ahead of schedule," achieved "success in revenue synergies," and ultimately was "successfully completed" throughout the Class Period. Then, on February 13, 2023, the Company disclosed that it would be spinning off Worldpay and recording a goodwill impairment charge of $17.6 billion related to its Merchants Solutions business, a write-down of more than 40% of the purchase price for Worldpay just a few years earlier.