Visa Looks To Ditch Gamestop Rewards Class Action

Law360, New York (January 12, 2015, 5:27 PM EST) -- Visa Inc. on Friday sought to exit a proposed class action in Connecticut tying the credit card company to allegations that GameStop Corp. and an Internet marketer duped customers into paying for a bogus rewards program, arguing Visa did not participate or benefit from the alleged scheme.

In a motion to dismiss, Visa argues the lawsuit fails to articulate how the credit card company could have violated federal or state law by processing customer payments connected to the rewards program. Visa says the lead plaintiff, a minor, does not allege that they interacted with Visa directly — a missing component that...

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