Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Visa Inc. (“Visa” or “the Company”) (NYSE: V) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Visa investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On September 24, 2024, during market hours, the U.S. Department of Justice announced a civil antitrust lawsuit against Visa, titled “Justice Department Sues Visa for Monopolizing Debit Markets.” The DOJ claimed that Visa is illegally maintaining a monopoly in the debit network markets by using its dominance to hinder competitors and block new, innovative options from emerging.
Attorney General Merrick Garland commented, “We allege that Visa has unlawfully accumulated the power to impose fees that significantly exceed what would be charged in a competitive market. Merchants and banks pass these costs on to consumers by raising prices or cutting back on quality or service. As a result, Visa’s unlawful actions impact not just one product’s price, but the price of nearly everything.”
In response to this news, Visa’s stock dropped 5.4% on September 24, 2024.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bars
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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