Robbins LLP Notifies Shareholders of Class Action Lawsuit Against Visa Inc.

Robbins LLP has announced that a shareholder has initiated a class action lawsuit on behalf of all individuals and entities who purchased or acquired securities of Visa Inc. (NYSE: V) between November 16, 2023, and September 23, 2024. Visa, one of the largest global digital payment platforms, is facing legal challenges regarding the potential impact of ongoing antitrust investigations.

Allegations in the Lawsuit

The lawsuit alleges that during the specified class period, Visa and its executives misrepresented the risks associated with antitrust investigations being conducted by federal authorities.

Despite the increasing likelihood of significant legal consequences, Visa is accused of downplaying these risks, misleading shareholders about the potential impact on the company's financial health.

On September 24, 2024, the U.S. Department of Justice filed a lawsuit against Visa, accusing the company of monopolizing the debit card payment processing sector.

This legal action caused Visa's stock price to drop by $1.48, or 5.38%, closing at $26.03 per share, reflecting the negative market reaction to the announcement.

How to Participate in the Class Action

If you purchased Visa securities during the class period, you may be eligible to participate in the class action lawsuit. Shareholders interested in serving as the lead plaintiff for the class are required to submit their application to the court by January 20, 2025.

The lead plaintiff acts as a representative for other class members and plays a key role in managing the litigation process.

It's important to note that participation in the case is not necessary to receive compensation if the class action is successful. If you do not choose to take any action, you will remain an absent class member but will still be eligible for compensation if the lawsuit is resolved favorably.

For more details about the class action lawsuit or to find out if you qualify to participate, you can complete the required form or contact attorney Aaron Dumas, Jr. by email, or call (800) 350-6003.

Legal Rights of Shareholders

Shareholders who believe they may have been affected by Visa's alleged misrepresentations during the class period have the right to seek justice and potentially recover compensation. Robbins LLP is committed to protecting the rights of investors and holding companies accountable for any misleading statements or actions that impact shareholders.

If you're a Visa shareholder who acquired securities between November 16, 2023, and September 23, 2024, don't miss your opportunity to get involved in this class action lawsuit and potentially hold Visa accountable for its alleged actions. Submit your claim today or reach out for further information.

Robbins LLP is a leading national law firm specializing in securities, shareholder rights, and complex litigation. With a focus on protecting the interests of investors, the firm represents clients in securities fraud, shareholder derivative actions, and other corporate governance matters. Robbins LLP has a proven track record of securing significant settlements and judgments for its clients. The firm's experienced attorneys are committed to holding companies accountable and ensuring fair treatment for investors.

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