Visa (V) Issues Statement Regarding Discover (DFS) Litigation
More News related to DFS
- Notable Analyst Rating Changes 11/18: CHS, CBRL, MDTH, DIS Upgraded; KO, PEP, K, DT, ESLR Downgraded
- UBS Starts Discover Financial Services (DFS) at Neutral
- PULSE Launches Enhanced Web Site at PULSENetwork.com
- Economy Won't Put the Brakes on Thanksgiving Travel or Tradition, According to Discover(R) Card Survey
- Discover Financial Services Receives Honors for Technology That Deploys Business Models Faster
More News related to V
- Morgan Keegan Adds Visa (V) to Focus List
- Quarterly Data Confirms Hedge Funds Exited Stocks In A Big Way
- Ackman's Pershing Square 13F; Shows New Stakes in Visa (V) and MasterCard (MA)
- Ackman's Pershing Square Shows New 2.7M Shares Stake in Visa (V)
- Office Depot and Visa Help Holiday Shoppers Save Money and "Gift Smarter" This Season with New Promotion
More News related to Corporate News
- Cramer Calls HP (HPQ) the Only Tech Stock Investors Should Trust
- Citi Reiterates a 'Hold' Rating on Ross Stores (ROST), Lowers Price Target
- Citi Maintains a 'Hold' Rating on Intuit (INTU), Lowers Price Target
- Piper Jaffray Reiterates a 'Buy' Rating on Broadcom (BRCM), Lowers Price Target and Estimates
- Analyst Defends Google (GOOG), Says Search Ads Will Hold Up Well
Visa (NYSE: V) released the following statement in regards to Discover Financial's (NYSE: DFS) recent litigation announcement:
"Visa has reached an agreement in principle with Discover to settle litigation pending since 2004. The specific terms of the settlement are still being negotiated and will be made available when a final agreement has been reached.
"The settled claims are covered by the company's retrospective responsibility plan, a mechanism for addressing potential liability in certain Visa litigation. More information on the plan is available in the company's Final Prospectus, dated March 18, 2008, at www.sec.gov."
Visa, Inc., through its subsidiaries, operates retail electronic payments network worldwide.
Related Categories
Corporate NewsStocks Mentioned
-0.74Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
