#United States #New Orleans #securities lawsuit #Marqeta #ClaimsFiler

Marqeta Investors: Key Deadline Approaching for Class Action Lawsuit

As the financial landscape continues to evolve, investors in Marqeta, Inc. (NASDAQ: MQ) are facing critical legal developments. ClaimsFiler, a non-profit shareholder information service, has alerted investors about the upcoming deadline to file lead plaintiff applications in a significant class action lawsuit against the company. This lawsuit could have implications for those who suffered losses exceeding $100,000 during the specified time period.

What You Need to Know

Deadline for Filing

Investors have until February 7, 2025, to submit their applications for lead plaintiff status if they purchased Marqeta's securities between August 7, 2024, and November 4, 2024. The case is currently being handled by the United States District Court for the Northern District of California.

Background of the Lawsuit

The class action alleges that Marqeta and several of its executives failed to disclose essential information, violating federal securities laws. Key allegations include:
1. The company did not adequately inform investors about the regulatory challenges impacting their business projections.
2. There was an impending reduction in the company's guidance for Q4 2024, which was not communicated to the investors.
3. As a result, many of the company's prior statements were found to lack a reasonable basis and misled investors.

These claims are encapsulated in the case titled Wai v. Marqeta, Inc., et al., No. 24-cv-08874.

Legal Assistance Available

ClaimsFiler provides a vital resource for affected investors. Interested parties can visit ClaimsFiler’s website or reach out through their toll-free number, (844) 367-9658, for more details. Legal professionals from Kahn Swick & Foti, LLC are available to assist investors in reviewing their legal options.

Understanding the ClaimsFiler Service

ClaimsFiler's mission centers around helping retail investors reclaim their rightful earnings from securities class action settlements. By registering for free at ClaimsFiler.com, users can gain access to:

• - Timely notifications about relevant securities class action lawsuits.
• - A platform to submit their claims smoothly, ensuring they do not miss out on potential settlements.
• - Opportunities to evaluate their cases through inquiries directed to the Kahn Swick & Foti legal team.

The appeal of ClaimsFiler lies in its dedication to empowering investors with necessary information and support to navigate these complex legal situations effectively.

Conclusion

For investors who participated in Marqeta's securities offerings and subsequently suffered losses, this upcoming deadline is critical. Ensuring that you are informed about the options available can aid in potential recovery efforts during this tumultuous period. The legal landscape can often feel daunting; however, resources such as ClaimsFiler and legal consultations can provide clarity and direction in pursuing your rights as an investor.