04:39 PM EDT, 09/26/2024 (MT Newswires) -- Visa (V) said in filing Thursday that it approved the deposit of $1.5 billion into its litigation escrow account.

The account was previously established under the company's US retrospective responsibility plan, Visa said.

The value of Visa's class B-1 and B-2 common shares is subject to dilution after the company funds the litigation escrow account as conversion rates of class B-1 and B-2 stock to class A common shares are adjusted downwards, Visa added.

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