Poulin | Willey | Anastopoulo Notifies Investors of VISA, Inc., Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 21, 2025 – V

Poulin | Willey | Anastopoulo, a leading Plaintiffs class action firm announces the filing of a class action securities lawsuit in the United States District Court for the Northern District of California  on behalf of persons or entities who purchased or otherwise acquired the securities of VISA, Inc. (“VISA”” or the “Company”) (NYSE:V) between November 16, 2023 and October 28, 2024, both dates inclusive (the “Class” and the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2025.

WHY: If you purchased VISA securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency arrangement. There is no cost or obligation to participate.

WHAT’S NEXT: To join the VISA class action, call Stuart J. Guber, Esq. at 803-222-2222 or email Stuart J. Guber, Esq. at stuart.guber@poulinwilley.com. If you wish to serve as a lead plaintiff, you must move the Court no later than January 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

CASE DETAILS: According to the Complaint, Case No. 3:24-cv-08220, VISA processes and facilitates debit and credit card transactions. Both businesses and consumers utilize its services. This lawsuit was filed against Visa and three of its Officers.

The Complaint alleges 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.

During the evening of September 23, 2024, after the market closed, multiple news outlets (among them Bloomberg and Politico) reported that the DOJ planned to imminently file suit against Visa for antitrust violations. Before the market opened the next day, on September 24, the DOJ filed the reported suit, styled United States of America v. Visa Inc., 1:24-CV-07214, (“the Antitrust Complaint”) in the Southern District of New York, alleging four separate violations of the Sherman Antitrust Act. 34. Per the Antitrust Complaint, Visa’s dominance in the debit payment processing market is not a happy accident or the result of a superior offering; rather, it is the product of a litany of baldly anticompetitive actions designed to prevent smaller competitors from gaining market share and competing with Visa on the merits.

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. As a result, plaintiff and the Class have suffered damages.

NO COST TO YOU: No Recovery, No Attorney’s Fees, No Costs. We represent you on a fully contingent basis. There are no fees or costs to you for your participation in the lawsuit if the lawsuit is unsuccessful.

WHY POULIN | WILLEY| ANASTOPOULO: The firm is one of the leading Plaintiff class action and mass tort firms in the country. Our Director of Shareholder Services and Securities Litigation, Stuart J. Guber, has over three decades of experience successfully representing defrauded shareholders including public pension plans, Taft-Hartley union pension plans and health & welfare funds, and individual investors in class action securities litigation and securities opt-out litigation. In addition, firm partner Roy Willey IV has served as counsel in class actions and multi-district litigations across the country.  He brings a creative, problem-solving-based approach to handling cases for consumers, investors and others harmed through no fault of their own.  As a result, he has been repeatedly named among America’s Top 100 High Stakes Litigators, Best Lawyers, and Super Lawyers.

Poulin | Willey | Anastopoulo has offices in Florence, Charleston, Ladson, Columbia, Greenville, Lexington, Myrtle Beach, Rock Hill, and Hampton, South Carolina. Charlotte and Lumberton, North Carolina. Atlanta, Albany, Athens, Augusta, Columbus, and Macon in Georgia. Visit  RespectResults.com to learn more.