Latest news with #Lyons
Yahoo
6 hours ago
- Business
- Yahoo
Fiserv sued over Clover migration
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Investors sued the payments processing giant Fiserv in federal court, alleging it forced merchants to migrate to Clover, its small business-focused point-of-sale service, and lied to investors about slowing growth of Clover sales as merchants rebelled against its cost. Moving businesses from an older system onto Clover concealed a slowdown in new merchant business for the point-of-sale system, according to the lawsuit filed Thursday by the City of Hollywood Police Officers' Retirement System. The Milwaukee-based payment processor disputes the allegations, a spokesperson said in an emailed statement Monday. 'Fiserv disagrees with the claims and will vigorously defend itself in the lawsuit,' the statement said. Dive Insight: 'This case is about how Fiserv misled investors by artificially inflating its growth numbers through compelled migration of legacy customers using Payeezy, the company's older point of sale platform, to Clover, its expensive and feature-heavy POS platform,' said the complaint filed in the U.S. District Court for Southern New York. The lawsuit seeks class action status, offering to represent anyone who bought or owned Fiserv stock between July 24, 2024 and July 22, 2025. Fiserv in the past has identified the Clover unit as a key driver of future growth. The company began phasing out Payeezy in 2023 and 'forcibly migrated' as many as 200,000 merchants that had been using the older system to Clover beginning in late 2023 and continuing through the first half of 2024, the complaint says. Fiserv executives then made misleading statements on the growth of Clover, the lawsuit alleges. For example, last summer then Fiserv CEO Frank Bisigiano told investors that Clover's growth was fueled by new merchants signing up for the platform, according to the complaint. Company executives also did not disclose that merchants were leaving Clover for POS competitors, such as Block's Square and Toast, the complaint says. Fiserv reported lower-than-expected earnings growth for the second quarter. Company executives, including CEO Mike Lyons, attributed the slowdown to delayed initiatives and economic uncertainty. The company's stock tumbled on the news that the processor fell short of analyst expectations. Along with Fiserv, company officials Bisignano, Lyons, and Chief Financial Officer Bob Hau are named as defendants in the lawsuit. 'Plaintiff and Class members would not have purchased Fiserv stock at the prices they paid, or at all, if they had been aware that the market prices had been artificially and falsely inflated by Defendants' misleading statements,' the lawsuit says. Lyons became CEO in May after Bisigiano left the company to lead the Social Security Administration. Recommended Reading Fiserv has ambitious goals for Clover. Can it meet them? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Business
- Business Insider
Jarden Reaffirms Their Hold Rating on Northern Star Resources Ltd (NESRF)
In a report released on July 25, Ben Lyons from Jarden maintained a Hold rating on Northern Star Resources Ltd, with a price target of A$15.10. The company's shares closed last Friday at $10.80. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Lyons is a 4-star analyst with an average return of 9.3% and a 69.23% success rate. Lyons covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Mineral Resources Limited, and 29metals Ltd.. In addition to Jarden, Northern Star Resources Ltd also received a Hold from UBS's Levi Spry in a report issued on July 25. However, on the same day, Canaccord Genuity maintained a Buy rating on Northern Star Resources Ltd (Other OTC: NESRF). The company has a one-year high of $15.27 and a one-year low of $8.57. Currently, Northern Star Resources Ltd has an average volume of 11.06K.
Scottish Sun
4 days ago
- Scottish Sun
‘Rat in the camp' may have tipped off shooter who executed gangsters Ross Monaghan and Eddie Lyons Jr
Insiders said gang bosses are certain someone trusted tipped off the gunman 'INSIDER TIP' 'Rat in the camp' may have tipped off shooter who executed gangsters Ross Monaghan and Eddie Lyons Jr Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A LATE change of plans in the hours before Ross Monaghan and Eddie Lyons Jnr were killed has raised suspicions of a 'rat in the camp' who helped orchestrate their murders. A masked assassin shot dead the Lyons clan chiefs after they watched the Champions League Final in Monaghan's bar, Fuengirola on May 31. Sign up for Scottish Sun newsletter Sign up 2 The pair were gunned down after watching the Champions League Final in Fuengirola on May 31 2 The attack happened inside Monaghans Bar in the Costa Del Sol We previously told how there were fears among the Lyons crew a traitor had leaked inside info to the shooter. Insiders said gang bosses are certain someone trusted tipped off the gunman just hours before the Mafia-style hit at a pub packed with holidaymakers in Fuengirola, Spain. Sources revealed the hunt was on to 'find who betrayed them to the guys who killed them.' And now former detective Gerry Gallagher has given his take on the potential dynamics of the calculated assassination plot. He says: 'There are several possible scenarios there. 'Logic dictates that if your name is above a bar and there's a long-anticipated sporting event playing on the television, there's a very good chance that it will draw a crowd. 'The other scenario is possibly that one or both males had been placed under surveillance, and the perpetrator was aware of where they would be and that they would be in a vulnerable situation. 'There's another possibility that the person who carried out the murders had received inside information that they would be there and exploited that.' We told how Spanish police believe the killing was a targeted gangland hit linked to the decades-long conflict between the Daniels and Lyons mobs. According to Spanish police, the assassin escaped by running across train tracks and through a tunnel to avoid CCTV cameras. Execution of gangsters Ross Monaghan & Eddie Lyons Jnr in Spain WAS linked to Scots turf war, senior cops claim Investigators are now pursuing multiple lines of enquiry, including whether there was involvement of individuals connected to the Daniels crew. The alleged hitman accused of killing the pair won't face an extradition hearing until November - five months after his arrest. Michael Riley, 44, is charged with the murders of the underworld figures at Monaghan's Bar in Fuengirola, Costa del Sol, on May 31. Authorities in Spain want him sent there to face criminal proceedings. Riley, of Huyton, Liverpool, was arrested by Merseyside police on June 13 under an international arrest warrant issued by the Spanish authorities. His extradition hearing was due to take place on October 9 at Westminster Magistrates Court, but it will now be heard on November 20.
Vancouver Sun
6 days ago
- Politics
- Vancouver Sun
Antisemitism envoy says resignation prompted by frustration over 'not connecting' with anti-hate message
OTTAWA — Ottawa's outgoing envoy for tackling antisemitism is accusing Canada's business sector and civil society of failing to call out a rising tide of hate against Jews and other minorities. In an extensive interview with The Canadian Jewish News, Deborah Lyons also said she could not get a meeting with Conservative Leader Pierre Poilievre during her nearly two-year term. In a statement sent to The Canadian Press, the Conservatives said that Lyons was 'powerless' in her job. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Lyons resigned early in her term as Canada's special envoy on preserving Holocaust remembrance and combating antisemitism. She said her decision reflected her 'despair' over the growing gulf in society over violence in the Middle East and the failure of many Canadians to find common ground against hate. 'People were listening and hearing on different frequencies, and so we just were not connecting,' said Lyons. 'That was where the big despair comes from.' She said her work wasn't made any easier by the silence of corporate leaders 'whom I asked many times to stand up,' and by faith leaders who seemed to keep quiet on the suffering of people from other religions. 'I was incredibly disappointed with business leaders,' she said. 'We have a tendency to want to blame politicians all the time, but where have the faith leaders been? Where have the priests and ministers and rabbis and imams and so forth (been)?' Lyons said that some community leaders did ask for her help in finding the right words to speak out against hate — because they feared that they would offend one community if they stood up for another. 'I've been really quite amazed — and often become quite despondent and despairing — about the fact that it was hard to get people to speak up. To speak with clarity, to speak with conviction,' she said. 'The mark of a country is not the courage of its military. It is the courage of its bystanders.' The Canadian Press has requested an interview with Lyons but has not yet had a response. Lyons told The Canadian Jewish News that Amira Elghawaby, the federal government's special representative on combating Islamophobia, tried to work with Lyons on fighting hate, citing an apparently shelved plan to visit provincial education ministers together. 'Neither my community, nor her community, were happy all the time to see us in pictures together,' Lyons said. 'There were often people who just simply didn't want me participating in respectful dialogues, or wouldn't come into the room.' She said that indicates a 'weakening' in the ability of both Canadian society and the broader western world to stand for common human values. Lyons said she lacked the energy at times to bridge that gap. 'I held back from having some discussions, because I knew there was going to be animosity, or I wasn't going to be welcome in the room. It disappoints me,' she said. Lyons said she could not get a meeting with Poilievre despite requesting one and having a cordial chat with him during an event. 'I tried to meet with Mr. Poilievre when I was in the job, and in the end I got a response that he was too busy to meet with me,' she said. In a statement attributed to Conservative deputy leader Melissa Lantsman, the party did not dispute Lyons' version of events. 'While communities face increasing threats, vandalism, intimidation and violence over the last 20 months, the Liberals deflected responsibility to a powerless envoy,' says the statement. 'We are ready to meet with the government at any point, because they're the only ones with the power, the tools and the responsibility to do something — and they have done absolutely nothing to date.' Statistics Canada reported this week a slight increase in police-reported hate crimes in 2024 compared with a year prior, and a very slight drop in those against Jewish people, who remain the most targeted group in Canada. Lyons accused all three levels of government of failing to adequately co-ordinate their responses to hate, saying that issues like car theft or tariffs are seen as more tangible. She said Prime Minister Mark Carney seemed engaged and requested a meeting with her, though she added it was not possible to meet with him before the July 8 date of her departure. Lyons said she is leaving her job three months early not for health reasons but rather to restore 'a little bit of the joy back into life' through retirement. She said she would have liked to continue, but described the envoy role as more difficult than her stints as ambassador to Afghanistan and Israel. 'It was without question the toughest job I ever did.' Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
Edmonton Journal
6 days ago
- Politics
- Edmonton Journal
Antisemitism envoy says resignation prompted by frustration over 'not connecting' with anti-hate message
Article content OTTAWA — Ottawa's outgoing envoy for tackling antisemitism is accusing Canada's business sector and civil society of failing to call out a rising tide of hate against Jews and other minorities. Article content In an extensive interview with The Canadian Jewish News, Deborah Lyons also said she could not get a meeting with Conservative Leader Pierre Poilievre during her nearly two-year term. Article content Article content Article content In a statement sent to The Canadian Press, the Conservatives said that Lyons was 'powerless' in her job. Article content Article content Lyons resigned early in her term as Canada's special envoy on preserving Holocaust remembrance and combating antisemitism. She said her decision reflected her 'despair' over the growing gulf in society over violence in the Middle East and the failure of many Canadians to find common ground against hate. Article content 'People were listening and hearing on different frequencies, and so we just were not connecting,' said Lyons. 'That was where the big despair comes from.' Article content She said her work wasn't made any easier by the silence of corporate leaders 'whom I asked many times to stand up,' and by faith leaders who seemed to keep quiet on the suffering of people from other religions. Article content 'I was incredibly disappointed with business leaders,' she said. Article content Article content 'We have a tendency to want to blame politicians all the time, but where have the faith leaders been? Where have the priests and ministers and rabbis and imams and so forth (been)?' Article content Lyons said that some community leaders did ask for her help in finding the right words to speak out against hate — because they feared that they would offend one community if they stood up for another. Article content 'I've been really quite amazed — and often become quite despondent and despairing — about the fact that it was hard to get people to speak up. To speak with clarity, to speak with conviction,' she said. Article content 'The mark of a country is not the courage of its military. It is the courage of its bystanders.' Article content The Canadian Press has requested an interview with Lyons but has not yet had a response. Article content Lyons told The Canadian Jewish News that Amira Elghawaby, the federal government's special representative on combating Islamophobia, tried to work with Lyons on fighting hate, citing an apparently shelved plan to visit provincial education ministers together.
