FIDELITY NATIONAL SHAREHOLDER ALERT: CLAIMSFILER 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 21, 2023

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Fidelity National investors should visit us at https://claimsfiler.com/cases/nyse-fis/ or call toll-free (844) 367-9658.  Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

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. 

On this news, shares of Fidelity National fell more than 12%, from a closing price of $75.43 per share on the prior trading day of February 10, 2023 to a closing price of $66.00 per share on February 13, 2023.