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

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.

Victims in the case now have a “fierce, well-financed advocate that will not be forced to settle the case,” Ackman said.

Pershing Square has no economic stake in the fight and has no intention of taking ...