As Fidelity National Information Services Inc. nears the sale of its remaining stake in Worldpay Inc., the company known as FIS has agreed to pay $210 million to settle a shareholder lawsuit over the deal.
The Jacksonville-based financial technology company bought payment processing firm Worldpay for $43 billion in 2019, but the acquisition produced several years of disappointing results.
FIS cut its losses by selling off a majority stake in Worldpay two years ago and reached an agreement in April 2025 to sell its remaining 45% stake.
Before it could sell off Worldpay, some large investment funds filed a class action lawsuit against FIS and its top executives in 2023 after the poor results caused its stock price to fall.
According to a motion filed in the case Dec. 19 by lead plaintiffs Nebraska Investment Council, North Carolina Retirement Systems, and North Carolina Supplemental Retirement Plans, the parties agreed to a mediation in October 2025.
The motion filed in U.S. District Court for the Middle District of Florida, Jacksonville Division, seeks approval for the settlement agreement reached in mediation that calls for FIS to pay $210 million to settle claims in the case.
According to the motion, the lawsuit “alleges that Defendants failed to successfully integrate Worldpay into FIS’s legacy operations, causing Worldpay’s performance to decline after the acquisition.”
“The Complaint further alleges that the price of FIS common stock was artificially inflated as a result of the allegedly false or misleading statements or omissions, and declined when the truth was allegedly revealed through a series of partial corrective disclosures.”
For the lead plaintiffs in the case, “the principal reason for the Settlement is the guaranteed cash benefit to the Settlement Class,” according to a court filing.
“For Defendants, who deny all allegations of wrongdoing or liability whatsoever and deny that Settlement Class Members were damaged, the principal reason for entering into the Settlement is to eliminate the burden, expense, uncertainty, and risk of further litigation,” it said.
Shareholders who bought FIS stock from May 7, 2020 through Feb. 10, 2023 would be entitled to receive payment from the settlement.