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Visa Inc. (NYSE: V) Securities Fraud Investigation

On September 24, 2024, during market hours, the U.S. Department of Justice (“DOJ”) issued a release entitled “Justice Department Sues Visa for Monopolizing Debit Markets,” announcing that the DOJ had “filed a civil antitrust lawsuit today against Visa for monopolization and other unlawful conduct in debit network markets[.]” Specifically, the DOJ complaint alleges that “Visa illegally maintains a monopoly over debit network markets by using its dominance to thwart the growth of its existing competitors and prevent others from developing new and innovative alternatives.”

On this news, the price of Visa stock fell 5.4%, to close at $272.78 per share on September 24, 2024. 

If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.  

Complete this form with your transactions in Visa Inc.
 securities between November 16, 2023 and September 23, 2024.

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