As IPO Looms, Visa’s Outside Counsel See Litigation Bonanza
Visa has two big challenges ahead. The first has been all over the news: The company is launching the biggest initial public offering in U.S. history, with $18 billion in the works. The other is clear in SEC documents the financial giant filed in preparing for its IPO: Visa is awash in high-stakes litigation -- more than 70 cases, ranging from merchant class actions to fights with competitors. That's not great news for the company, of course. But it's been a boon for outside counsel like Arnold & Porter.