Settlement Reached for $210 Million against Fidelity National Information Services, Inc.
Labaton Keller Sucharow serves as lead counsel in a securities class action against Fidelity National Information Services, Inc. (FIS or the Company). On August 8, 2023, Lead Plaintiffs filed a Consolidated Amended Complaint for Violations of the Federal Securities Laws, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 10b-5, on behalf of all persons or entities who purchased or otherwise acquired FIS common stock between May 7, 2020, and February 10, 2023, inclusive. The Complaint alleges that Defendants made materially false or misleading statements or omissions regarding FIS’s acquisition and integration of Worldpay. The Complaint further alleges that the price of FIS common stock was artificially inflated as a result of Defendants’ allegedly false or misleading statements or omissions and declined when the truth was allegedly revealed through a series of partial corrective disclosures.
On September 30, 2024, the Court denied Defendants' motion to dismiss, and the case proceeded to discovery. Lead Plaintiffs, Defendants, and third parties collectively produced 852,000 documents (approximately 3,750,000 pages) and Lead Plaintiffs completed eight fact depositions.
On March 3, 2025, Lead Plaintiffs filed their motion for class certification. The motion was pending when the Parties agreed to settle.
On November 14, 2025, the Parties, with the assistance of the Mediator, agreed in principle to settle the Action, subject to the Parties’ execution of a settlement term sheet (Term Sheet) and formal settlement stipulation. The Term Sheet was executed by the Parties on November 17, 2025, and a formal Stipulation and Agreement of Settlement was executed on December 17, 2025.
The case is In re Fidelity National Information Services, Inc. Securities Litigation, No. 3:23-cv-252-TJC-PDB (M.D. Fla.). Labaton Keller Sucharow represents Lead Plaintiffs Nebraska Investment Council, North Carolina Retirement Systems, and North Carolina Supplemental Retirement Plans.
Submit Claim Form
If you purchased FIS publicly traded common stock during the period from May 7, 2020 through February 10, 2023, inclusive, and were allegedly damaged thereby, you may be entitled to a payment from the proposed settlement. To be eligible for a payment, you must submit a Claim Form to the Claims Administrator by May 28, 2026. Please read the linked Notice for all your options and deadlines.
Settlement Hearing
A Settlement Hearing is scheduled to be held on July 9, 2026, at 10:00 a.m. in Courtroom 10D of the United States District Court for the Middle District of Florida, Bryan Simpson United States Courthouse, 300 North Hogan Street, Jacksonville, FL 32202.
If you have questions about the Settlement, please contact Labaton Keller Sucharow at settlementquestions@labaton.com; 1-888-219-6877; or contact the Claims Administrator at 1-877-398-3015. Additional information about the Settlement can be found at www.FISSecuritiesSettlement.com.
