Security Investigation
Visa Inc. (NYSE: V)
40 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 20, 2025 to file lead plaintiff applications in a securities class action lawsuit against Visa Inc. (NYSE: V).
Visa and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On September 24, the United States Department of Justice filed suit against the Company for four separate violations of the Sherman Antitrust Act alleging, among other things, that the Company leverages dual-sided network effects, afforded to it by its existing monopoly position on both sides of the payment processing market, to freeze out smaller competition and cement its market dominance and further abuses that power by coercing merchants to exclusively use its payments processing platform, thereby causing harm to consumers.
On this news, the price of Visa’s shares 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 securities of Visa and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Cai v. Visa, Inc., et al., No. 24-cv-08220.