Visa, Inc.

Registration Deadline:

01/20/2025

Submit Your Information

A securities class action has been filed in the USDC — N.D.CA. against Visa, Inc. (V) (“Visa” or the “Company”), on behalf of all those that purchased or otherwise acquired Visa securities between November 16, 2023 and September 23, 2024, both dates inclusive (the “Class Period”).

 

Visa processes and facilitates debit and credit card transactions. Both businesses and consumers utilize its services. Visa operates one the largest digital payment platforms in the world; in 2023, it processed $15 trillion in monetary transactions, spread out over more than 200 countries and territories. Visa’s services are nearly ubiquitous – over 60% of all U.S. debit transactions are processed by Visa, with Mastercard a remote second.

 

The claim arises on September 24, 2024, when the United States Department of Justice (“DOJ”) sued Visa in federal court for monopolizing the debit card payment processing market.

 

The complaint alleges that defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that:

 

(1) Visa was not in compliance with federal antitrust laws;

(2) Visa did not have effective internal programs and policies to assess and control compliance with federal antitrust laws; and

(3) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, investors suffered damages.

 

On this news, Visa’s stock price fell $1.48, or 5.38%, to close at $26.03 per share on September 24, 2024, on unusually heavy trading volume.

 

If you purchased Visa securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information.”

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.