#United States #New York #Visa #Levi Korsinsky #Joseph Levi

New Class Action Lawsuit Against Visa Inc.

On December 31, 2024, it was announced that a class action lawsuit has been filed against Visa Inc. (NYSE: V) by the law firm Levi & Korsinsky, LLP. This lawsuit is particularly significant for investors who believe they have suffered losses due to alleged securities fraud related to violations of federal antitrust laws.

Class Definition and Background

The class action lawsuit aims to represent those who invested in Visa Inc. during the period from November 16, 2023, to September 23, 2024. It specifically targets individuals who were negatively impacted by what the lawsuit describes as deceptive practices by Visa. These practices allegedly included false statements regarding the company’s compliance with antitrust regulations.

According to the complaint, Visa was said to have failed to implement adequate internal programs and policies to ensure compliance with these laws. The fundamental allegations indicate that both the company and its executives might have concealed the true extent of Visa’s compliance issues. This lack of transparency has led to significant financial losses for investors once these realities became public.

Next Steps for Potential Claimants

For those affected, there is a crucial deadline to take note of; investors have until January 21, 2025, to request to be appointed as a lead plaintiff in the case. However, it is important to note that participation in the claims process does not necessitate the role of lead plaintiff. Individuals interested in joining the lawsuit can access more information through the law firm's designated link or by contacting them directly.

The firm emphasizes that claims can be submitted without incurring any upfront costs, making this an accessible option for shareholders seeking redress for their losses during the identified timeline.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, LLP boasts a remarkable track record in handling high-stakes securities litigation. Over the past two decades, they have successfully represented shareholders and recovered hundreds of millions of dollars. Recognized for their extensive expertise, their team is distinguished in the field, having been listed in the ISS Securities Class Action Services' Top 50 Report for seven consecutive years.

Contact Information
For those interested in pursuing their claims or acquiring additional information, contact details for the firm are readily available. Joseph E. Levi, Esq. and Ed Korsinsky, Esq. are primary contacts at their New York City office, accessible via email or telephone.

How to Proceed

If you believe you have been adversely affected by these developments with Visa Inc., now is the time to assess your situation. Engaging with legal counsel and understanding your rights as a shareholder is critical to navigating this complex situation. Their findings propose significant implications not only for current shareholders but also for the company’s governance policies moving forward. Many other investors may be grappling with similar concerns; hence, collective action through this lawsuit could serve as a pivotal force in shaping Visa's accountability and future compliance.

In conclusion, as this legal situation unfolds, it will be vital for all stakeholders involved, especially those who have invested in Visa, to stay informed and proactive. This class action could represent a significant turning point for how Visa handles compliance and investor relations in the future.