Faruqi & Faruqi, LLP investigates claims on behalf of Visa investors By Investing.com

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

If you have a loss of more than $100,000 Visa Between November 16, 2023 and September 23, 2024 And you want to discuss your legal rights, call Farooqui & Farooqui Partner Josh Wilson live as if 877-247-4292 Or 212-983-9330 (Ex. 1310).

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NEW YORK, NY–( News File Corp. – Jan. 6, 2025 ) – Faruqi & Faruqi, LLP, a leading national security law firm, is investigating potential claims. Visa Inc (NYSE: ) (“Visa” or the “Company”) (NYSE: V) and reminds investors January 21, 2025 deadline To seek the role of lead plaintiff in a federal securities class action against the company.

Farooki & Farooki is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The organization Since its inception in 1995, it has returned hundreds of millions of dollars to investors. Check out www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose: (1) Visa did not comply with federal antitrust laws; (2) Visa does not have effective internal programs and policies to evaluate and monitor compliance with federal antitrust laws. and (3) as a result, Defendants’ disclosures were materially false and/or misleading. The lawsuit alleges that investors were harmed when the real listings entered the market.

On September 24, 2024, during market hours, the United States Department of Justice issued a release titled “Justice Department Sues Visa for Monopolizing Debit Markets.” In this release, the DOJ announced today that it has filed a civil antitrust lawsuit against Visa for alleged illegal practices in the monopolization and debit network markets (.). It uses its dominance to disrupt the growth of its existing competitors and prevent them from creating new and innovative alternatives.

The statement quoted Attorney General Merrick Garland as saying, “(Visa) unlawfully amassed the authority to charge more than it could reasonably charge in a competitive market. () Merchants and banks pass those costs on to consumers.” By raising prices or reducing quality or service, Visa’s illegal behavior affects not just the price of one thing, but the price of everything.

On this news, Visa stock fell 5.4% on September 24, 2024.

The court-appointed lead plaintiff is the investor with the greatest financial interest in obtaining the relief sought by the class, who is sufficient and the class members who lead and control the litigation on behalf of the class members. Any member of the mandatory class may ask the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain as a residual class member. Your ability to participate in any recovery is not affected by the decision to serve as lead plaintiff or not.

Farooqui & Farooqui, LLP encourages anyone with information regarding Visa’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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Notice of attorney. The law firm responsible for this announcement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict similar results for any future case. We welcome the opportunity to discuss your case. All communications will be treated confidentially.

To view the source of this press release, please visit https://www.newsfilecorp.com/release/236181.