DOJ's Visa-Plaid Challenge Shows Email Can Imperil A Deal

Law360 (November 23, 2020, 5:51 PM EST) -- Unlike other mergers challenged by the U.S. Department of Justice, Visa Inc.'s acquisition of Plaid Inc. on its face presents no apparent risk of antitrust harm.

Visa and Plaid have no product overlaps. They don't have a customer-supplier relationship. Visa enables transactions between consumers and merchants. Plaid connects fintech apps to users' bank accounts.

The evidence comes from the parties' — primarily Visa's — own emails and other internal documents, revealing Plaid's product road map to build a cheaper alternative to Visa's debit service and Visa's plans to hold back that development.

Until the DOJ's Nov. 5 complaint, the deal had...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!