$210 Million FIS Settlement Just Opened — Who Can Still Claim Before May 28?
By Steve Levine
Published: March 10, 2026
Claim Deadline: May 28, 2026
Settlement Fund: $210,000,000
Estimated Payout: ~$0.32 per share after fees (varies based on purchase timing and claim volume)
What Is This Settlement About?
If you bought stock in Fidelity National Information Services, Inc. — ticker symbol FIS on the New York Stock Exchange — between May 7, 2020 and February 10, 2023, and you lost money when the stock price dropped, you may be entitled to a cash payment from a $210 million settlement.Here is what happened in plain English: FIS is a major financial technology company. In 2019, FIS completed a massive $43 billion acquisition of a company called Worldpay, which processes payments for businesses around the world. After the acquisition, FIS executives made a series of public statements about how well the integration was going and how strong the combined company's performance would be. Investors relied on those statements and the stock price stayed high.
The lawsuit alleged that those statements were false or misleading. According to the plaintiffs, FIS was actually struggling with the Worldpay integration — the problems were worse than the company let on, and executives knew it. When the truth started coming out through a series of disclosures in August 2022, November 2022, and February 2023, the FIS stock price dropped significantly. Investors who bought at the inflated prices lost money.
FIS and its executives deny all allegations of wrongdoing. They say their statements were accurate and they acted in good faith. The court has not decided who is right. Both sides agreed to settle to avoid the costs and risks of going to trial. FIS has agreed to pay $210 million in cash.
Do I Qualify?
You qualify if you purchased FIS publicly traded common stock (NYSE: FIS, CUSIP: 31620M106) at any time between May 7, 2020 and February 10, 2023, inclusive, and were allegedly damaged as a result. You must have bought the stock yourself — if one of your mutual funds bought FIS stock, that does not make you individually eligible (although the fund itself may be).You do not qualify if you are a current or former officer, director, or control person of FIS, a member of the immediate family of any individual defendant, or an entity in which any defendant has a controlling interest.
Not sure if you owned FIS stock during this period? Check your brokerage statements or contact your broker.
How Much Money Will I Get?
The estimated average recovery is approximately $0.42 per share before attorney fees and expenses, or about $0.32 per share after fees. These are only estimates — your actual payout could be more or less depending on when you bought FIS stock, how many shares you bought, whether and when you sold, and how many people file claims.Your payout is based on a formula that calculates your "recognized loss" for each share. The formula considers how much "artificial inflation" was in the stock price when you bought versus when you sold. In general, you have a bigger claim if you bought during the period of highest alleged inflation (May 2020 through August 3, 2022, when inflation was estimated at $35.73 per share) and held through the corrective disclosure dates when the stock dropped.
If you sold all your FIS stock before August 4, 2022 (before the first corrective disclosure), your recognized loss is zero and you will not receive a payment even if you file a claim.
The minimum payment is $10. If your calculated share comes to less than $10, you will not receive a distribution.
When Did the Stock Price Drop? (Key Dates)
The lawsuit identifies three dates when corrective information reached the market and the stock price declined:• August 4, 2022 — first partial corrective disclosure
• November 3, 2022 — second partial corrective disclosure
• February 13, 2023 — final corrective disclosure (information began leaking after market close on February 10, 2023)
You must have held FIS stock through at least one of these dates to have a compensable loss. If you bought and sold entirely between disclosure dates without holding through one, your recognized loss is zero.
What Do I Need to File?
You need to submit a completed claim form along with documentation showing the dates and prices of your FIS stock purchases and sales during the class period (May 7, 2020 through February 10, 2023). This includes brokerage account statements, trade confirmations, or transaction records. Contact your broker if you need copies.What Are the Important Dates?
Claim Deadline: May 28, 2026
Opt-Out Deadline: May 28, 2026
Objection Deadline: May 28, 2026
Settlement Hearing: July 9, 2026 at 10:00 AM, Courtroom 10D, Jacksonville, FL
Class Period: May 7, 2020 – February 10, 2023
What Happens If I Do Nothing?
If you do nothing, you will not receive any payment. You will remain in the settlement class and give up your right to sue FIS or any of the other defendants over the same claims. To get paid, you must file a claim by May 28, 2026.Case Information
Caption: In re Fidelity National Information Services, Inc. Securities Litigation, Case No. 3:23-cv-252-TJC-PDB
Court: U.S. District Court for the Middle District of Florida
Judge: Honorable Timothy J. Corrigan
Settlement Fund: $210,000,000
Defendants: Fidelity National Information Services, Inc. (FIS), Gary Norcross, James Woodall, Stephanie Ferris, Thomas Warren
Lead Plaintiffs: Nebraska Investment Council, North Carolina Retirement Systems, North Carolina Supplemental Retirement Plans
Lead Counsel: Labaton Keller Sucharow LLP
Claims Administrator: Verita Global, LLC
Attorney Fees: Up to 22% of the settlement fund ($46.2 million)
Stock: NYSE: FIS (CUSIP: 31620M106)
How Do I Find Class Action Settlements?
Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:Official Settlement Notice (PDF)
Settlement Website: FISSecuritiesSettlement.com
Submit Claim
Sources
• Official Settlement Site — FISSecuritiesSettlement.com• Lead Counsel — Labaton Keller Sucharow LLP
• Court-authorized settlement notice dated March 4, 2026
Filing Class Action Settlement Claims
Please note that your claim form will be rejected if you submit a settlement claim with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. If you are not sure whether you qualify, visit the class action administrator's website. OpenClassActions.com is a consumer advocacy and class action news site, and is not a class action administrator or a law firm.
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Pre-Qualify| FIS Securities Settlement Summary | |
| Status | Open — Filing Claims Now |
|---|---|
| Claim Deadline | May 28, 2026 |
| Settlement Fund | $210,000,000 |
| Estimated Per Share | ~$0.32/share after fees (varies by timing) |
| Minimum Payment | $10 |
| Who Qualifies | FIS stock purchasers (NYSE: FIS) May 7, 2020 – Feb 10, 2023 |
| Stock | NYSE: FIS (CUSIP: 31620M106) |
| Hearing | July 9, 2026 at 10:00 AM (Jacksonville, FL) |
| Website | FIS Securities Settlement |