Visa Inc.

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Investigation Details

Visa is the subject of a DOJ antitrust lawsuit filed on September 24, 2024. Attorney General Merrick Garland said, “We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market. Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything.” The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.