Published
March 10, 2026
Updated
May 12, 2026
If you bought FIS stock between May 2020 and February 2023, here is how the $210 million securities settlement was structured and what recovery per share looked like before the claim window closed.
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.
Status
Settlement Closed
the claim deadline (May 28, 2026) has passed
Claim Deadline
May 28, 2026 (Passed)
the filing window is now closed
Settlement Fund
$210,000,000
all-cash recovery for FIS investors
Estimated Payout
~$0.32 per share after fees
~$0.42 per share before fees · $10 minimum payment
Who Qualifies
NYSE: FIS buyers, May 7, 2020 – Feb 10, 2023
CUSIP 31620M106 · common stock only (not mutual fund holdings)
Proof Required
Yes
brokerage statements or trade confirmations for class-period FIS trades
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)
Other Securities Class Action Settlements OCA Has Covered
FIS is part of a long line of securities fraud class actions tied to merger integration problems, corrective disclosures, and stock-price drops. Even though the claim filing windows in the cases below have closed, the background pages explain how a securities settlement payout is calculated (per-share recognized loss tied to dates of purchase, sale, and corrective disclosure) which is the same framework being applied to the FIS Plan of Allocation.• Mylan N.V. Securities Class Action Settlement — EpiPen and generic-drug antitrust disclosures.
• Olaplex Holdings Securities Class Action Settlement — post-IPO revenue and growth disclosures.
• Snap Inc. Securities Class Action Settlement — Apple iOS privacy-change impact on ad revenue.
• DiDi Global Securities Class Action Settlement — Chinese ride-hailing app IPO and regulatory disclosures.
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Official Settlement Notice (PDF)
Settlement Website: FISSecuritiesSettlement.com
The claim filing deadline (May 28, 2026) has passed and this settlement is now closed to new claims. If you already filed a timely claim, check the official settlement website for the status of payments following the July 9, 2026 final approval hearing.
Sources
• Official Settlement Site — FISSecuritiesSettlement.com• Lead Counsel — Labaton Keller Sucharow LLP
• Court-authorized settlement notice dated March 4, 2026
For more class actions keep scrolling below.
Settlement Amount
$210,000,000
All-cash recovery; ~$0.32 per share after fees · $10 minimum payment
Case Title
In re Fidelity National Information Services, Inc. Securities Litigation
Case Number
3:23-cv-252-TJC-PDB
Court
U.S. District Court, Middle District of Florida
Settlement Hearing
July 9, 2026 at 10:00 AM
Courtroom 10D, Jacksonville, FL
Administrator
Verita Global, LLC
Official Website
FIS Securities Settlement.com
