Workflow
Visa Inc. Investors: Please Contact the Portnoy Law Firm to Recover your Losses. January 21, 2025 Deadline to File Lead Plaintiff Motion.
VVisa(V) GlobeNewswire News Room·2025-01-21 01:09

Core Viewpoint - Visa Inc. is facing a civil antitrust lawsuit from the U.S. Department of Justice, alleging that the company is monopolizing the debit network markets, which has led to increased fees for merchants and consumers [3][4]. Group 1: Legal Actions and Implications - A class action has been initiated for investors who purchased Visa securities between November 16, 2023, and September 23, 2024, with a deadline for filing a lead plaintiff motion set for January 21, 2025 [1]. - The lawsuit claims that Visa's actions have resulted in fees that exceed competitive market rates, impacting the pricing of various products and services [4]. Group 2: Market Reaction - Following the announcement of the antitrust lawsuit on September 24, 2024, Visa's stock experienced a decline of 5.4% [4]. Group 3: Investor Support - The Portnoy Law Firm is offering complimentary case evaluations for investors seeking to recover losses related to Visa's alleged corporate wrongdoing [2][5].