Visa Inc. (V)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Visa Inc. ("Visa" or "the Company") (NYSE: V). The investigation concerns whether Visa and certain of its officers and/or directors have violated federal securities laws.
On March 19, 2021, the Wall Street Journal published an article reporting that “[t]he Justice Department is investigating whether Visa Inc. is engaging in anticompetitive practices in the debit-card market, a probe that casts a cloud over a core part of its business.” Specifically, the article reported that the investigation’s focus is “whether Visa, the largest U.S. card network, has limited merchants’ ability to route debit-card transactions over card networks that are often less expensive, according to people familiar with the matter.” On this news, Visa’s stock price fell $13.76 per share, or 6.24%, to close at $206.90 per share on March 19, 2021.
If you are aware of any facts relating to this investigation, or purchased Visa shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.