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Visa Sued by US DOJ Over Antitrust Matter in Federal Court

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Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management, joins BNN Bloomberg and talks about Visa is about to face U.S. justice department antitrust lawsuit.

(Bloomberg) -- The US Justice Department sued Visa Inc. over an antitrust matter, according to a filing in federal court in Manhattan.

The case, for which details weren’t immediately available, was filed on Tuesday. US antitrust enforcers have been preparing a case accusing Visa of taking steps to keep rivals from challenging its dominance in the debit card market, according to people familiar with the matter.

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