Visa Investors Alerted: Class Action Lawsuit Opportunity for Substantial Losses

Investor Alert: Class Action Lawsuit for Visa Inc. Investors

Recent news from Robbins Geller Rudman & Dowd LLP has highlighted a significant opportunity for Visa Inc. investors who suffered substantial losses to potentially take the lead in a class action lawsuit. This legal action pertains to the publicly traded securities of Visa (NYSE: V) bought between November 16, 2023, and September 23, 2024.

The class action lawsuit, labeled as Cai v. Visa Inc., No. 24-cv-08220 (N.D. Cal.), alleges that Visa and several top executives violated the Securities Exchange Act of 1934. Investors who have experienced considerable losses are encouraged to apply for appointment as lead plaintiffs by January 21, 2025.

Background of the Allegations

The core accusations revolve around Visa's alleged non-compliance with federal antitrust laws. According to the lawsuit, during the class period, Visa purportedly made misleading statements and failed to disclose crucial information regarding its internal compliance programs related to antitrust regulations. Notably, on September 24, 2024, the U.S. Department of Justice filed a lawsuit against Visa for monopolizing the debit card payment processing market. This lawsuit reportedly led to a more than 5% drop in Visa’s stock prices following the official announcement.

The Process for Becoming a Lead Plaintiff

Under the Private Securities Litigation Reform Act of 1995, any investor who purchased Visa securities during the specified class period can seek to be appointed lead plaintiff. The lead plaintiff is identified as the party with the greatest financial interest who also acts in a capacity that is typical and adequate for the class of investors. This individual would guide the litigation on behalf of all other class members and could select a law firm of their choice for representation.

It's vital to note that an investor's entitlement to potential recoveries isn't dependent on serving as the lead plaintiff. This means that all affected investors have a voice, even if they do not assume the lead role in the lawsuit.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP is recognized as one of the world's foremost law firms in handling securities fraud cases. With a track record of securing over $6.6 billion for investors in class action recoveries, the firm has earned the rank of number one for six of the last ten years in securing the most monetary relief for investors. The firm utilizes its extensive resources, with 200 attorneys across 10 offices, to provide robust representation for its clients.

Additional Information

For eligible investors who have faced significant losses and wish to take action, further details can be accessed through Robbins Geller’s website. Investors can also contact attorneys J.C. Sanchez or Jennifer N. Caringal at 800-449-4900 or via email at [email protected]

In summary, this alert serves to inform investors in Visa Inc. of their right and opportunity to engage in a class action lawsuit that addresses alleged misrepresentations and compliance failures that negatively impacted their investments. This legal route potentially offers a redress mechanism for those affected by the downturn in Visa’s stock due to significant federal scrutiny over its business practices.