Fidelity Information Services $210M Class Action Settlement

William C. Gendron

Editor in Chief

Published

March 10, 2026 2:30 PM

Updated

March 10, 2026

Who can file a claim?

The settlement includes all persons and entities who purchased Fidelity National Information Services Inc. publicly traded common stock (NYSE: FIS; CUSIP: 31620M106) during the period from May 7, 2020, through Feb. 10, 2023, inclusive, and allegedly suffered damages as a result.

Additional details

Both individuals and entities can be class members.
The class member must have made purchases on the open market.
The actual beneficial purchaser or a legal representative must submit the claim.
Joint purchasers must each sign the claim form.
Executors, administrators, guardians, conservators and trustees may submit claims on behalf of others and must provide proof of authority.

How much is the FIS payout?

The total settlement fund is $210,000,000. The amount each class member will receive depends on several factors:

The number of valid claims submitted
The number of shares purchased during the class period
The timing of each purchase and sale
The total recognized claims of all claimants

The settlement administrator will distribute payments on a pro rata basis according to the court-approved plan of allocation:

The estimated average recovery is approximately $0.42 per allegedly damaged share before deductions for court-approved fees, expenses and costs, and approximately $0.32 per share after deductions.
Actual payments may be higher or lower depending on individual claims and the total number of valid claims.
The settlement administrator will calculate each class member's payment based on the recognized loss amount assigned to each transaction.
Recognized loss amounts are based on the difference in artificial inflation at the time of purchase and time of sale as set forth in the plan of allocation's inflation table (Page 12 of the settlement notice).
The settlement administrator will apply different formulas depending on when class members purchased and sold their shares.

For shares purchased from May 7, 2020, through Feb. 10, 2023, and sold before Aug. 4, 2022, the recognized loss is $0.
For shares purchased from May 7, 2020, through Feb. 10, 2023, and sold from Aug. 4, 2022, through Feb. 10, 2023, the recognized loss is the lesser of the difference in artificial inflation between the purchase and sale dates or the purchase price minus the sale price.
For shares purchased from May 7, 2020, through Feb. 10, 2023, and sold from Feb. 11, 2023, through May 12, 2023, the recognized loss is the least of the artificial inflation on the date of purchase, the purchase price minus the average closing price from Feb. 13, 2023, through the date of sale or the purchase price minus the sale price.
For shares purchased from May 7, 2020, through Feb. 10, 2023, and held as of the close of trading on May 12, 2023, the recognized loss is the lesser of the artificial inflation on the date of purchase or the purchase price minus $57.33.

The settlement administrator will match all purchases and sales on a first in, first out basis.
The settlement administrator will set any recognized loss that calculates to a negative number to $0.
If total recognized claims exceed the net settlement fund, the settlement administrator will reduce payments on a pro rata basis.
If the settlement fund exceeds total recognized claims, the settlement administrator will distribute the excess pro rata to all eligible claimants.
Class members whose payment would be less than $10 will not receive a payout.

How to claim a FIS securities class action settlement payment

Class members may file a claim online or download, print and complete the PDF claim form and mail it to the settlement administrator. The claim deadline is May 28, 2026.

Settlement administrator’s mailing address: FIS Securities Settlement, c/o Verita Global LLC, P.O. Box 301170, Los Angeles, CA 90030-1170

Proof or documentation required to submit a claim

All class members must provide the last four digits of their Social Security number or full taxpayer identification number. They must also provide holdings, purchase and sale information, including:

Holdings of FIS common stock as of the opening of trading on May 7, 2020
Purchases during the class period from May 7, 2020, through Feb. 10, 2023
Purchases during the 90-day look-back period from Feb. 11, 2023, through May 12, 2023
Sales from May 7, 2020, through May 12, 2023
Holdings as of the close of trading on May 12, 2023

Class members must also provide documentation to support their transactions in FIS common stock. Acceptable proof includes:

Broker confirmation slips
Broker account statements
Authorized statements from a broker containing the transactional information found in a confirmation slip

$210 million settlement fund

The $210,000,000 settlement fund includes:

Settlement administration costs: To be determined
Attorneys' fees: Up to $46,200,000
Attorneys' expenses: Up to $1,300,000
Payments to eligible class members: Remainder of the fund

Important dates

Opt-out deadline: May 28, 2026
Deadline to file a claim: May 28, 2026
Fairness hearing: July 9, 2026

When is the FIS securities class action settlement payout date?

The settlement administrator will issue payments after it processes all claims and the court resolves any appeals and grants final approval of the settlement.

Why did this class action settlement happen?

The class action lawsuit alleged Fidelity National Information Services Inc. and certain officers made materially false or misleading statements and omissions regarding the company's acquisition and integration of Worldpay. The plaintiffs claimed these statements artificially inflated the price of FIS common stock and that the stock price declined when Fidelity issued corrective information through a series of disclosures on Aug. 4, 2022, Nov. 3, 2022, and Feb. 13, 2023.

The defendants denied all allegations of wrongdoing but agreed to settle to avoid the costs, risks and delays of continued litigation.