PROPOSED STIPULATION AND ORDER. Document filed by Visa Inc — United States v. Visa Inc. (Dkt. 107)

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A Stipulation and [Proposed] Order Regarding Complaint and Answer in United States of America v. Visa Inc., Civil Action No. 1:24-cv-07214 (JGK), in the United States District Court for the Southern District of New York, Document 107, dated August 21, 2025. Its recitals state that the United States filed a complaint alleging violations of Sections 1 and 2 of the Sherman Act and that Visa Inc. filed an Answer asserting affirmative defenses, including the statute of limitations (Ninth Defense) and doctrine of laches (Tenth Defense). The proposed order grants Visa leave to file an Amended Answer withdrawing the Ninth and Tenth Defenses. The signature blocks include /s/ Craig Conrath and /s/ Robert Katerberg.

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UNITED STATES DISTRICT COURT 
SOUTHERN DISTRICT OF NEW YORK 
 
 
UNITED STATES OF AMERICA, 
 
Plaintiff, 
 
v. 
 
VISA INC. 
 
Defendant. 
 
 
Civil Action No. 1:24-cv-07214 (JGK)  
 
STIPULATION AND [PROPOSED] 
ORDER REGARDING COMPLAINT 
AND ANSWER 
 
 
WHEREAS, Plaintiff United States filed a complaint (ECF No. 1) alleging violations of 
Sections 1 and 2 of the Sherman Act, 15 U.S.C. §§ 1, 2;  
WHEREAS, Defendant Visa Inc. filed an Answer (ECF No. 98) asserting various 
affirmative defenses, including the statute of limitations (Ninth Defense) and doctrine of laches 
(Tenth Defense); 
WHEREAS, the parties have discussed the applicability of the statute of limitations and 
doctrine of laches to the particular claims advanced by the United States in its Complaint in this 
case; 
WHEREAS, Plaintiff United States is not seeking monetary damages, is not proceeding 
under 15 U.S.C. § 15, 15a, or 15c, and is proceeding solely in its sovereign capacity to enforce 
public rights and protect the public interest;  
WHEREAS, in reliance on the foregoing representations by Plaintiff United States, 
Defendant Visa Inc. is willing to withdraw its Ninth and Tenth Defenses based on the statute of 
limitations and the doctrine of laches, and by joint consent will file an Amended Answer for the 
sole purpose of removing those defenses forthwith; 
US 254676387 
Case 1:24-cv-07214-JGK     Document 107     Filed 08/21/25     Page 1 of 3

-2- 
 
NOW, THEREFORE, the undersigned parties hereby stipulate, and the Court orders, as 
follows:  Defendant Visa is hereby granted leave to file an Amended Answer withdrawing its Ninth 
and Tenth Defenses based respectively on the statute of limitations and the doctrine of laches.  
Dated August 21, 2025  
Agreed By: 
 
 
/s/  Craig Conrath                                   
/s/  Robert Katerberg                                       
Craig Conrath 
Christopher Jackson 
Bennett J. Matelson  
Michele Trichler  
United States Department of Justice  
Antitrust Division  
450 Fifth Street, N.W., Suite 4000  
Telephone: (202) 532-4560 
Facsimile: (202) 514-7308  
Craig.Conrath@usdoj.gov 
Christopher.Jackson5@usdoj.gov 
Bennett.Matelson@usdoj.gov  
Michele.Trichler@usdoj.gov 
Counsel for Plaintiff, the United States 
Anne P. Davis (admitted pro hac vice)  
Jonathan Ian Gleklen (admitted pro hac vice) 
Robert Katerberg (admitted pro hac vice)  
ARNOLD & PORTER  
    KAYE SCHOLER LLP  
601 Massachusetts Avenue NW  
Washington, D.C. 20001 
Telephone: (202) 942-6197 
Facsimile: (202) 942-5999 
anne.davis@arnoldporter.com 
jonathan.gleklen@arnoldporter.com 
robert.katerberg@arnoldporter.com 
 
Margaret A. Rogers 
ARNOLD & PORTER  
   KAYE SCHOLER LLP 
250 West 55th Street 
New York, New York 10019 
Telephone:  (212) 836-7830 
margaret.rogers@arnoldporter.com 
 
Beth A. Wilkinson (SBN NY 2181592) 
Brian Stekloff (admitted pro hac vice) 
Kieran Gostin (SBN NY 4847653) 
Roxana Guidero (admitted pro hac vice) 
Quinton A. Weinstein (admitted pro hac vice) 
Kellen M. McCoy (admitted pro hac vice) 
Jasper S. Primack (admitted pro hac vice) 
WILKINSON STEKLOFF LLP 
2001 M Street NW, 10th Floor 
Washington, DC 20036 
Telephone: (202) 847-4000 
Facsimile: (202) 847-4005 
bwilkinson@wilkinsonstekloff.com 
bstekloff@wilkinsonstekloff.com 
kgostin@wilkinsonstekloff.com 
Case 1:24-cv-07214-JGK     Document 107     Filed 08/21/25     Page 2 of 3

-3- 
 
rguidero@wilkinsonstekloff.com 
qweinstein@wilkinsonstekloff.com 
kmccoy@wilkinsonstekloff.com 
jprimack@wilkinsonstekloff.com 
 
 
Anthony P. Ferrara (SBN NY 5656905) 
WILKINSON STEKLOFF LLP 
130 W 42nd Street, Floor 24 
New York, NY 10036 
Telephone: (212) 294-8910 
Facsimile: (202) 847-4005 
aferrara@wilkinsonstekloff.com 
 
Counsel for Defendant Visa Inc. 
 
 
 
SO ORDERED this ____ day of _________, 2025. 
 
___________________________________ 
HON. JOHN G. KOELTL  
UNITED STATES DISTRICT JUDGE 
 
Case 1:24-cv-07214-JGK     Document 107     Filed 08/21/25     Page 3 of 3

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