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City of Hialeah Employees' Retirement System v. Ferris et al

  1. May 22, 2024

    Investors Say FIS Must Investigate Derivative Suit's Claims

    An investor of fintech corporation Fidelity National Information Services has pushed back on the company and its executives' bid to escape a derivative lawsuit over a $46 billion market cap drop resulting from a business spinoff, saying the company must investigate the suit's allegations.

  2. April 03, 2024

    FIS Didn't Lie To Itself About Short-Lived Merger, Execs Say

    Fidelity National's top brass recently urged a Florida federal court to toss an investor's lawsuit over a $46 billion market cap drop resulting from spinning off a payment business it had acquired a few years prior, arguing the company can't "be deceived by its own statements," which a pension fund alleged artificially inflated share prices.

  3. October 18, 2023

    FIS Brass Hit With Suit Over 'Failed' Acquisition Integration

    An investor of fintech corporation Fidelity National Information Services on Wednesday accused its top brass of damaging the company by overhyping the success of an acquisition that led to a $46 billion decline in market capitalization and investor losses when it eventually sold off the majority of the newly acquired business.