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Billionaire Ackman Says Visa Should Pay ‘Very Large’ Amount in Pornhub Case

  • Billionaire offers to help fund litigation in child-porn case
  • Judge refused to let Visa out of the lawsuit last week
Bill Ackman 

Bill Ackman 

Photographer: Christopher Goodney/Bloomberg

Billionaire investor Bill Ackman said Visa Inc. should be forced to pay a “very, very large” amount in a case alleging the payments giant profited from child pornography.

Ackman, the chief executive officer of Pershing Square Capital Management, has offered to “philanthropically” help finance the litigation against Visa and MindGeek, the parent company of Pornhub, he said in an interview on CNBC Tuesday.