Investors Alert: Deadlines Looming for Marqeta Class Action Suit

Important Update for Marqeta Investors

Attention all investors who purchased shares of Marqeta, Inc. between August 7, 2024, and November 4, 2024! The window is closing for you to take action regarding your investments. ClaimsFiler, a well-known shareholder information service, has announced that the deadline for filing lead plaintiff applications in a class action lawsuit against Marqeta is February 7, 2025. If you suffered losses exceeding $100,000 during this period, you may have the opportunity to join the case and seek recovery.

The Case Against Marqeta

The lawsuit alleges that Marqeta and key executives engaged in misleading practices by failing to disclose significant regulatory challenges affecting the company’s outlook. Investors are claiming that the company's forecasts for the fourth quarter of 2024 were misleading and that the executives' statements lacked a reasonable basis, ultimately impacting the stock's performance negatively.

This class action lawsuit, titled Wai v. Marqeta, Inc., is currently being adjudicated in the United States District Court for the Northern District of California. Investors who are considering filing a claim should review their investment records closely and may wish to seek legal counsel to navigate the complexities of the lawsuit process efficiently.

Why This Matters

Pursuing a class action case could provide a means for investors to recover some of their losses if the court rules in their favor. ClaimsFiler is here to assist investors by offering a free service that allows them to register for updates, access information regarding various securities class action cases, and even submit inquiries for legal evaluations at no charge. The platform aims to ensure that retail investors can recover their fair share from potential settlements.

For those interested, more information can be obtained by visiting ClaimsFiler’s website or by calling their toll-free number at 844-367-9658. Their collaboration with the law firm Kahn Swick & Foti, LLC provides additional resources to help guide investors through the process of filing claims and understanding their legal rights.

Stay Informed

As the deadline approaches, it is crucial that affected investors stay informed about the developments in this case and consider their next steps carefully. Engaging in this class action lawsuit not only holds Marqeta accountable for its disclosures but also reinforces the rights of investors seeking justice for their financial losses.

Conclusion

For those who have experienced significant losses from their investments in Marqeta, the clock is ticking. Ensure that you take the necessary actions to pursue your rights before the February 2025 deadline. This is a pivotal opportunity to potentially recover your losses in a collective effort alongside other affected shareholders. Know your rights, act promptly, and let ClaimsFiler aid you every step of the way.