Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Visa By Investing.com

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson encourages investors who have suffered more than $100,000 in visa losses to contact him directly to discuss their options

If you have incurred losses of more than $100,000 Visa: Between November 16, 2023 and September 23, 2024 and would like to discuss your legal rights, call a Faruqi & Faruqi partner Josh Wilson directly time 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, NY — (Newsfile Corp. – December 25, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Visa Inc (NYSE: ): (“Visa” or the “Company”) (NYSE: V ) and reminds investors January 21, 2025 deadline seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, and Georgia.The firm has returned hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

The complaint below alleges that the Company and its officers violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Visa does not comply with federal antitrust laws; (2) Visa lacked effective internal programs and policies to assess and monitor compliance with federal antitrust laws; and (3) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.When the true details entered the market, the suit alleges, investors suffered damages.

On September 24, 2024, during market hours, the United States Department of Justice published an article titled: Justice Department Sues Visa for Monopolizing Debit Markets. In this release, the DOJ announced that it “today filed a civil antitrust action against Visa for monopolization and other illegal conduct in the debit network markets.[.]”The filing further states that ‘the complaint alleges that Visa unlawfully maintains a monopoly in the debit network markets by using its dominance to impede the growth of its existing competitors and prevent others from developing new and innovative alternatives.’

The report quoted Attorney General Merrick Garland as saying:[w]and allege that Visa unlawfully obtained fees far in excess of what it could charge in a competitive market[.] Merchants and banks pass those costs on to consumers, either through price increases or reduced quality or service. As a result, Visa’s misconduct affects not just one thing, but almost everything.”

According to this news, on September 24, 2024, Visa’s stock fell by 5.4%.

A court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class that is commensurate with and typical of the class members who direct and control the litigation on behalf of the putative class. Any member of the putative class may propose to the Court to act as lead plaintiff through an attorney of their choice, or may choose to do nothing and remain an absent class member. Your ability to participate in any recovery is not affected by serving as the lead plaintiff or the decision not to serve.

Faruqi & Faruqi, LLP also encourages anyone with information about Visa’s conduct to contact the company, including whistleblowers, former employees, shareholders and others.

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To view the original version of this press release, visit https://www.newsfilecorp.com/release/234578