#United States #New York #Class Action #Visa Inc #Securities Law

Visa Inc. Faces Serious Legal Challenge

In a significant development for investors, Visa Inc. has been named in a class action securities lawsuit filed by the well-known law firm Levi & Korsinsky, LLP. This lawsuit seeks to address serious allegations of securities fraud that purportedly occurred between November 16, 2023, and September 23, 2024. The firm has notified shareholders about the legal proceedings, emphasizing the need for those adversely affected to take immediate action.

Allegations Against Visa

The legal complaint brings forth claims that Visa made numerous false representations and withheld crucial information regarding its compliance with federal antitrust regulations. Specifically, the allegations fall into three main categories:

1. Non-compliance with Antitrust Laws: The lawsuit asserts that Visa was not adhering to federal antitrust laws, which is fundamental for a company in the competitive financial services sector.
2. Lack of Internal Controls: It is alleged that Visa failed to implement adequate internal programs and policies aimed at maintaining compliance with these laws, thereby misleading investors about the company’s operational integrity.
3. Misleading Public Statements: The complaint states that as a result of these alleged violations, Visa’s public statements were materially false and misleading during the specified timeframe.

As these details came to light, the investors who relied on Visa’s previous representations reportedly suffered financial damages.

What Investors Should Know

The firm representing the investors is urging those who have incurred losses related to Visa’s stock during the given period to act promptly. Notably, January 21, 2025, has been set as the deadline for investors to request lead plaintiff status in this class action lawsuit. It's crucial for stakeholders to realize that participating in the lawsuit does not necessitate serving as a lead plaintiff for asset recovery.

No Costs Involved for Class Members

Levi & Korsinsky has clarified that for class members, participating in the lawsuit is financially beneficial without any out-of-pocket expenses. Investors can potentially seek recompense without incurring legal fees, making it an appealing option for aggrieved shareholders.

Why Choose Levi & Korsinsky?

Having a long history of protecting the rights of investors, Levi & Korsinsky has garnered a reputation for successfully navigating complex securities litigation. Over the past two decades, the firm has secured hundreds of millions in recoveries for shareholders, featuring prominently in ISS Securities Class Action Services' Top 50 list for seven consecutive years.

The firm is not only equipped with extensive experience but also boasts a dedicated team of over 70 professionals ready to assist clients through every segment of the litigation process.

Get in Touch

Investors interested in the lawsuit can gather more information and directly contact Levi & Korsinsky by visiting their official website or reaching out via phone or email. Joseph E. Levi, an attorney at the firm, is available for inquiries at (212) 363-7500.

In summary, the unfolding actions regarding Visa Inc. have created a significant opportunity for investors potentially impacted by alleged securities fraud. Those feeling the negative effects of these developments are encouraged to contact Levi & Korsinsky to explore their options for recovery before the critical deadline approaches.