NEW YORK, NY / ACCESSWIRE / September 27, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Visa Inc. ("Visa" or the "Company") (NYSE:V). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Visa and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On September 24, 2024, the U.S. Department of Justice ("DOJ") filed an antitrust lawsuit alleging that Visa has abused its dominant position in the debit card market to force businesses to use Visa's network instead of competitors' and to prevent new alternatives from entering the market.
On news of the DOJ's lawsuit, Visa's stock price fell $15.85 per share, or 5.49%, to close at $272.78 per share on September 24, 2024.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
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SOURCE: Pomerantz LLP