Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Total System Services, Inc. (TSS)

NEW YORK, Aug. 7, 2019

On May 27, 2019, the Board caused the Company to enter into an agreement and plan of merger ("Proposed Transaction") under which TSS shareholders stand to receive 0.8101 shares of Global Payments stock for each share of TSS they own (the "Merger Consideration").

The complaint alleges that the Form S-4 Registration Statement filed with the Securities and Exchange Commission violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company's financial projections and certain valuation analyses conducted by the Company's financial advisors, on which the Board relied to recommend the Proposed Transaction as fair to TSS shareholders.

If you wish to obtain information concerning this action, you can do so by clicking here: www.faruqilaw.com/TSS.

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Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm with extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud.  Faruqi & Faruqi, LLP, was founded in 1995 and the firm maintains its principal office in New York City, with offices in Delaware, California, Georgia, and Pennsylvania.