Levi & Korsinsky Urges Visa Inc. Shareholders to Join Class Action Lawsuit

Class Action Alert for Visa Inc. Shareholders

In a significant move for investors who have suffered losses in Visa Inc. (NYSE: V), Levi & Korsinsky, LLP, a law firm specializing in securities litigation, has announced the initiation of a class action lawsuit. This legal action is focused on recovering damages for shareholders adversely affected by alleged fraudulent activities related to Visa’s compliance with federal antitrust laws between November 16, 2023, and September 23, 2024.

Background of Allegations

The lawsuit posits that during the specified timeframe, Visa and its executives made misleading statements regarding their adherence to federal antitrust regulations. The key allegations against Visa include claims that:
1. Visa purportedly failed to comply with federal antitrust laws,
2. The company lacked effective internal controls and procedures to ensure compliance with these laws, and
3. Consequently, the public communications made by Visa were materially false and misleading.

These actions led to inflated perceptions of the company's standing among investors, prompting them to invest under false pretenses. Once the true facts were revealed, shareholders experienced significant losses.

Call to Action for Affected Shareholders

Levi & Korsinsky encourages shareholders who suffered a loss during the relevant period to consider participating in the class action. Investors have until January 21, 2025, to apply to the Court to be appointed as lead plaintiff, although it is not a requirement to obtain any recovery. Notably, participating in the lawsuit comes with no financial risk, as there are no upfront costs or fees for class members.

For more details, shareholders can complete a submission form at the Levi & Korsinsky website or contact attorney Joseph E. Levi directly at (212) 363-7500. This outreach aims to ensure affected investors understand their rights and potential avenues for recovery.

Why Choose Levi & Korsinsky?

With over two decades of experience in securities litigation, Levi & Korsinsky has a proven history of successfully representing aggrieved shareholders and has recovered hundreds of millions of dollars over the years. The firm has built a solid reputation and is recognized as one of the top securities litigation firms in the United States. Their team consists of over 70 professionals dedicated to delivering results for their clients.

Conclusion

For Visa Inc. shareholders impacted by the alleged securities fraud, this class action represents an opportunity to reclaim some of the financial losses incurred. With expert legal guidance from Levi & Korsinsky, affected investors can take proactive steps to participate in this important legal action. If you believe you qualify, do not hesitate to reach out for assistance and protect your rights as an investor in Visa Inc.