Plano-based software company Trintech Inc. and London-based Trintech UK have filed suit against Fiserv Inc, Fiserv’s European counterpart and CheckFree Services Corp accusing the defendants of breaching a purchase and sale agreement.

Trintech, which makes financial corporate performance management software, alleges it entered a purchase and sale agreement with Fiserv, which provides financial technology services, in June 2023 for “two software solutions and associated business lines.”

The suit accuses Fiserv of making misrepresentations during the due diligence period before the purchase and sale agreement was executed in July 2023 regarding “the material reduction of nearly a dozen contracts and misrepresented — or worse, manipulated — financial information relating to at least half a dozen customers.”

After closing, when Trintech “discovered the inaccuracies,” it notified Fiserv, which the lawsuit alleges has “failed to address these errors.”

The lawsuit, which brings claims for breach of contract and indemnification, was filed Jan. 8 and assigned to Vice Chancellor Morgan T. Zurn.

Trintech is represented by A. Thompson Bayliss and Samuel D. Cordle of Abrams & Bayliss and Jamil N. Alibhai, Julie M. Christensen and Maddison L. Craig of Munsch Hardt Kopf & Harr.

The defendants are represented by James H.S. Levine of Troutman Pepper Locke.

The case number is 2025-0005.

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