Visa (V) Antitrust Violations Case

N.D. California

Court

3:24-cv-08220

Case number

11/16/2023

Class period Start

09/23/2024

Class period End

01/20/2025

Lead Plaintiff motion deadline

$V investors filed a lawsuit against Visa for misleading them about compliance with antitrust laws and the risks of regulatory investigations.
On September 24, 2024, the DOJ sued Visa over debit market monopolization, causing a 5.38% drop in $V stock.
$V investors can join this case to be notified about potential recovery.
Case Details:

Between November 2023 and September 2024, Visa repeatedly assured investors of its compliance programs in filings, including its 2023 Annual Report and quarterly filings in January, April, and July 2024.

However, on September 24, 2024, the DOJ filed a lawsuit against Visa, accusing the company of monopolizing the debit card payment processing market.

The DOJ claimed that Visa used its powerful market position to block competition, pressured merchants into exclusive deals, and set prices in ways that hurt smaller competitors.

This disclosure contradicted Visa’s prior statements, leading $V to drop by 5.38%.

Based on these events, $V investors filed a lawsuit against Visa, accusing the company of the following:
It misled investors about compliance with federal antitrust laws.
It downplayed the risks of regulatory investigations and potential lawsuits.
Investors believe Visa misled them about its legal risks, which became clear when the DOJ’s antitrust lawsuit revealed the extent of the alleged misconduct.

Case Status

Lead Plaintiff Submission

Alleged Offence

Misleading Statements,

Fraud,

Failure to Disclose

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

09/24/2024

Filing date

11/20/2024

Lead Plaintiff Deadline

01/20/2025

Visa (V) Antitrust Violations Case

Collecting participants…