Visa Inc. Investigates Shareholder Losses - New York, Sept 2024
- The U.S. Department of Justice filed a civil antitrust lawsuit against Visa Inc. on September 24, 2024, alleging monopolization of the debit market.
- The lawsuit claims Visa has unlawfully amassed power to charge excessive fees, impacting merchants, banks, and consumers.
- The Rosen Law Firm is investigating potential securities claims and preparing a class action lawsuit for affected shareholders.
On September 24, 2024, the United States Department of Justice announced a civil antitrust lawsuit against Visa Inc., alleging that the company has monopolized the debit market. The lawsuit claims that Visa has unlawfully gained the power to impose excessive fees that would not be possible in a competitive market, ultimately affecting merchants, banks, and consumers. Following the announcement, Visa's stock experienced a significant decline of 5.4%. In light of these developments, the Rosen Law Firm is investigating potential securities claims on behalf of Visa shareholders who may have suffered losses due to the misleading business information allegedly issued by the company. They are preparing a class action lawsuit to seek recovery for affected investors, emphasizing that those who purchased Visa securities may be entitled to compensation without upfront costs. The firm encourages investors to join the class action to protect their rights and recover losses incurred from the stock's decline.