Visa Sets up Litigation Fund Ahead of IPO
David Wighton writes for the Financial Times about how Visa Inc. is approaching its potential litigation liability associated with various law suits pending against various Visa entities. He writes that Visa "plans to set up a litigation fund to protect investors in its forthcoming initial public offering from legal claims. Under the plan, Visa’s US member banks will take on responsibility for the outstanding legal actions and will contribute billions of dollars from their flotation proceeds to an escrow account to pay claims."
Add your comment... (note that all comments are reviewed before they're published)