Core Viewpoint - A class action lawsuit has been filed against Visa Inc. regarding allegations of securities fraud and unlawful business practices, following a DOJ antitrust lawsuit that caused a significant drop in Visa's stock price [1][5][6]. Group 1: Lawsuit Details - The class action lawsuit is initiated by Pomerantz LLP, a firm known for its expertise in corporate and securities class litigation [2]. - Shareholders who purchased Visa securities during the Class Period can request to be appointed as Lead Plaintiff by January 20, 2025 [3]. - The lawsuit addresses whether Visa and its officers engaged in securities fraud or other unlawful business practices [5]. Group 2: Market Impact - Following the announcement of the DOJ's lawsuit, Visa's stock price decreased by 272.78 per share on September 24, 2024 [4]. Group 3: Antitrust Allegations - The DOJ's lawsuit alleges that Visa has abused its dominant position in the debit card market, coercing businesses to use its network and hindering new competitors from entering the market [6].
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Visa Inc. of Class Action Lawsuit and Upcoming Deadlines - V