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V.US
id: 563

Visa (V) Suspension of Russia Operations $15B Market Reaction Case

On March 5, 2022, Visa (V) said they would suspend operations in Russia, essentially severing cardholders there from transactions outside the country in response to the invasion of Ukraine.

On this news, Visa stock dropped 4.75% and the Company lost over $15.5 billion of its capitalization, seriously damaging investors.

Since there were no government or regulatory requirements and the Company took such a step voluntarily, Investors have reason to suspect that because of the Company’s actions, shareholders could suffer damages when the true details entered the market.
Alleged Offence
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
05 March 2022
Collecting participants…

Visa Inc Class A

Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and...

    Ticker
    V.US
    ISIN
    US92826C8394
    CIK
    1403161
    Sector
    Financial Services
    Industry
    Credit Services
    Country
    USA
    Address
    PO Box 8999, San Francisco, CA, United States, 94128-8999