SAN DIEGO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Visa Inc. (: V) publicly traded securities between November 16, 2023 and September 23, 2024, inclusive (the “Class Period”), have until January 21, 2025 to seek appointment as lead plaintiff of the Visa class action lawsuit. Captioned Cai v. Visa Inc., No. 24-cv-08220 (N.D. Cal.), the Visa class action lawsuit charges Visa and certain of Visa’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Visa class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-visa-inc-class-action-lawsuit-v.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].
CASE ALLEGATIONS: Visa operates as a payment technology company.
The Visa class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Visa was not in compliance with federal antitrust laws and did not have effective internal programs and policies to assess and control compliance with federal antitrust laws; and (ii) Visa was in violation of federal antitrust law, and therefore likely to be subject to lawsuits and penalties by federal agencies.
The Visa class action lawsuit further alleges that on September 24, 2024, the U.S. Department of Justice filed a lawsuit against Visa in federal court for monopolizing the debit card payment processing market. On this news, the price of Visa stock fell more than 5%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Visa publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Visa class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Visa class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Visa class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Visa class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
Past results do not guarantee future outcomes.
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Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected]
