Fidelity National Information Services $210M Securities Settlement, Who Can File a Claim?

Fidelity National Information Services, Inc. (NYSE: FIS) agreed to pay $210,000,000 to settle a securities class action lawsuit alleging the company and certain of its officers made materially false or misleading statements about the acquisition and integration of Worldpay — artificially inflating FIS stock prices between May 7, 2020, and February 10, 2023. Investors who purchased FIS common stock during that period and suffered losses when the truth was revealed through a series of corrective disclosures may be eligible to claim a pro-rata share of the net settlement fund. The claim deadline is May 28, 2026.

Quick Facts

Current Status & What Happens Next

The Stipulation and Agreement of Settlement was executed on December 17, 2025. The Court is overseeing the case before U.S. District Judge Timothy J. Corrigan and Magistrate Judge Patricia D. Barksdale. The settlement is preliminarily approved and the claims portal is currently open at FISSecuritiesSettlement.com.

The opt-out and claim deadlines both fall on May 28, 2026. The Court will hold a Settlement Hearing at 10:00 a.m. on July 9, 2026, at Courtroom 10D of the Bryan Simpson United States Courthouse, 300 North Hogan Street, Jacksonville, FL 32202. Payments will be distributed only after the Court grants final approval and any appeals are resolved.

What Is the FIS Securities Lawsuit About?

FIS is a Jacksonville, Florida-based financial technology company that provides banking and payments software to financial institutions worldwide. In 2019, FIS agreed to acquire Worldpay — a merchant payment processing business — for approximately $35 billion, one of the largest fintech acquisitions in history. The deal closed in 2019 under then-CEO Gary Norcross.

The lawsuit, filed in 2023, alleged that FIS and certain of its officers made materially false or misleading statements and omissions about the Worldpay acquisition and integration during the class period from May 7, 2020, through February 10, 2023. Plaintiffs claimed these statements kept FIS stock at artificially inflated prices.

The alleged truth emerged through three partial corrective disclosures: on August 4, 2022, November 3, 2022, and February 13, 2023. The stock declined dramatically across this period — closing at $66 per share on February 13, 2023, a roughly 37% drop from its $104.13 closing price on August 3, 2022. After the class period, FIS determined that Worldpay was not a strategic fit and sold a majority stake to Chicago private equity firm GTCR for approximately $11.7 billion in a 2023 deal. Worldpay was then sold again by FIS and GTCR to Global Payments in 2025 for $24.25 billion.

The legal claims assert violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and SEC Rule 10b-5. FIS and the named officer defendants deny all allegations of wrongdoing and deny that investors suffered any losses attributable to their conduct.

After the Court denied the defendants’ motion to dismiss on September 30, 2024, the parties engaged in extensive discovery — producing 852,000 documents (approximately 3,750,000 pages) and completing eight fact depositions. A class certification motion was pending when the parties agreed in principle to settle on November 14, 2025.

Who Is Eligible to File a Claim?

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

Additional eligibility details:

• Both individual and institutional investors can be class members.
• Purchases must have been made on the open market.
• The actual beneficial purchaser — or an authorized legal representative — must submit the claim.
• Joint purchasers must each sign the claim form.
• Executors, administrators, guardians, conservators, and trustees may file on behalf of others but must provide proof of authority.

The following persons and entities are excluded from the Settlement Class: FIS and its current and former subsidiaries, affiliates, officers, directors, and employees; members of the immediate families of the named individual defendants; the defendants’ legal representatives, heirs, successors, and assigns; any entity in which any excluded person or entity has a controlling interest; and any person who properly opts out of the settlement.

How Much Can You Receive?

Each eligible class member’s payment will depend on several factors: the number of shares purchased during the class period, the timing of each purchase and sale, the total recognized losses calculated for all valid claims, and the net settlement fund remaining after court-approved deductions.

Estimated payouts:

The settlement administrator calculates each class member’s recognized loss using an inflation table (published in the settlement notice). The key rules of the plan of allocation are:

• Shares purchased during the class period and sold before August 4, 2022 — recognized loss is $0.
• Shares purchased during the class period and sold between August 4, 2022, and February 10, 2023 — 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.
• Shares purchased during the class period and sold between February 11, 2023, and May 12, 2023 — recognized loss is the least of: the artificial inflation on the date of purchase, the purchase price minus the average closing price from February 13, 2023, through the date of sale, or the purchase price minus the sale price.
• Shares purchased during the class period and held as of the close of trading on May 12, 2023 — 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. Any recognized loss that calculates to a negative number will be set to $0. Class members whose calculated payment is less than $10 will not receive a payout.

What Documentation Do You Need?

All class members must provide the last four digits of their Social Security number or their full taxpayer identification number. They must also provide the following transaction records for FIS common stock:

• Holdings as of the opening of trading on May 7, 2020
• All purchases made during the class period (May 7, 2020 – February 10, 2023)
• All purchases made during the 90-day look-back period (February 11, 2023 – May 12, 2023)
• All sales made between May 7, 2020, and May 12, 2023
• Holdings as of the close of trading on May 12, 2023

Acceptable forms of documentation include broker confirmation slips, broker account statements, or authorized statements from a broker containing the transactional information found in a confirmation slip. If you hold FIS shares through a retirement plan or benefit plan covered by ERISA, do not file an individual claim — plan trustees must submit claims for plan transactions.

How to File a Claim

Step 1 — Visit the official settlement website at FISSecuritiesSettlement.com or go directly to the online portal at veritaconnect.com/FISSecuritiesSettlement to complete your claim online, or download the PDF claim form to mail.

Step 2 — Gather all transaction records for FIS common stock: your holdings on May 7, 2020; all purchases from May 7, 2020 through May 12, 2023; all sales from May 7, 2020 through May 12, 2023; and holdings on May 12, 2023. Broker confirmation slips or account statements are the standard acceptable forms.

Step 3 — Complete the claim form with your taxpayer identification information (last four digits of SSN or full TIN), contact information, and all transaction data.

Step 4 — If filing by mail, send your completed claim form and supporting documentation to: FIS Securities Settlement, c/o Verita Global LLC, P.O. Box 301170, Los Angeles, CA 90030-1170.

Step 5 — Ensure your claim is submitted electronically or postmarked no later than May 28, 2026. Late claims will not be accepted.

Step 6 — If you have questions, contact the settlement administrator at (1-877-398-3015) or [email protected], or contact class counsel at Labaton Keller Sucharow at (1-888-219-6877) or [email protected].

Estimated time to complete: 20–30 minutes, depending on the number of transactions and records to compile.

Important Deadlines & Dates

Frequently Asked Questions

Do I need a lawyer to file a claim? 

No. Lead Plaintiffs Nebraska Investment Council, North Carolina Retirement Systems, and North Carolina Supplemental Retirement Plans are represented by Labaton Keller Sucharow LLP as lead counsel. Class counsel represents all class members, and their fees — up to $46,200,000 plus up to $1,300,000 in expenses — will be paid directly from the settlement fund. You do not need to hire your own attorney to file a claim at FISSecuritiesSettlement.com.

Who are the named defendants? 

Fidelity National Information Services, Inc. is the primary defendant. The individual defendants include former CEO Gary Norcross and current CEO Stephanie Ferris, among other company officers named in the Consolidated Amended Complaint. All defendants deny any and all allegations of wrongdoing and deny that any investor suffered losses attributable to their actions.

My shares are held through a mutual fund. Can I file? 

No. The settlement specifically covers investors who directly purchased FIS common stock on the open market during the class period. Investors who held FIS stock only through a mutual fund are not class members and cannot file individual claims.

My FIS shares are held in an ERISA retirement plan. How do I file?

 If you hold FIS shares through an employee retirement or benefit plan covered by ERISA, do not file an individual claim. The plan’s trustee or authorized fiduciary must submit a single claim covering all plan transactions in FIS common stock. Contact your plan administrator if you are unsure whether your holdings qualify.

I sold my FIS shares before August 4, 2022. Do I qualify? 

Under the plan of allocation, shares purchased during the class period and sold before August 4, 2022, have a recognized loss of $0. This means that even though you purchased shares during the class period, you would not receive a payment from this settlement. You are still a class member, however, and are bound by the settlement’s release provisions unless you opt out by May 28, 2026.

What happens if I do nothing?

 If you do nothing, you will not receive any payment. You will still be bound by the settlement’s release provisions, however, and you give up your right to bring your own lawsuit against FIS or the other defendants over the same legal claims covered by this settlement. To preserve your right to sue independently, you must opt out of the settlement in writing postmarked by May 28, 2026.

Is this settlement related to the Worldpay sale to Global Payments in 2025?

 Not directly. This settlement resolves claims about alleged misrepresentations FIS made to investors about the Worldpay acquisition and integration during the class period from 2020 to 2023. The subsequent sale of Worldpay — first a majority stake to GTCR in 2023–2024, then a full sale to Global Payments in 2025 — is part of the corporate history that gives context to why the acquisition was ultimately unwound, but those transactions are not part of this settlement.

How does this settlement compare to similar securities class actions? 

The $210 million fund makes this one of the larger recent tech and fintech securities settlements. For context on how pro-rata payout structures work in similar cases, the Catalent $78M securities class action settlement — which closes on May 26, 2026, just two days before the FIS deadline — uses the same type of recognized-loss allocation model. For another recent securities settlement with a nearly identical claims process and ERISA plan filing rules, the AdaptHealth $35M securities class action settlement is directly comparable.

Sources & References

• Official Settlement Website (Verita Global): FISSecuritiesSettlement.com
• Online Claims Portal: veritaconnect.com/FISSecuritiesSettlement
• PACER Docket — Case No. 3:23-cv-252-TJC-PDB (M.D. Fla.): ecf.flmd.uscourts.gov

Last Updated: March 11, 2026

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Legal claims and outcomes depend on specific facts and applicable law. For advice regarding a particular situation, consult a qualified attorney.

About the Author

Sarah Klein, JD, is a licensed attorney and legal content strategist with over 12 years of experience across civil, criminal, family, and regulatory law. At All About Lawyer, she covers a wide range of legal topics — from high-profile lawsuits and courtroom stories to state traffic laws and everyday legal questions — all with a focus on accuracy, clarity, and public understanding.
Her writing blends real legal insight with plain-English explanations, helping readers stay informed and legally aware.
Read more about Sarah