#USA #New York #Class Action #Bronstein #Marqeta

Investor Alert: Class Action Opportunity for Marqeta, Inc. Investors

In recent news from Bronstein, Gewirtz & Grossman LLC, a well-known national law firm, investors of Marqeta, Inc. (NASDAQ: MQ) are being informed that a class action lawsuit is in progress. This legal action is essential for shareholders who have suffered substantial losses during a defined period, as they have the chance to recover damages through participation in the case.

Background of the Lawsuit

The case targets not just Marqeta but also certain key officers of the company. It alleges that between August 7, 2024, and November 4, 2024—marked as the "Class Period"—the defendants engaged in misleading conduct. The lawsuit claims these misconducts included a failure to disclose significant regulatory challenges affecting the business outlook, and an underestimation of potential impacts on earnings forecasts.

This failure, it is argued, led to a reduction in the company’s expectations for the fourth quarter of 2024. As a result, statements made by the defendants were deemed materially false and misleading. When the accurate information was finally released, it triggered considerable financial loss for investors who had bought or acquired Marqeta securities within the class period.

How Investors Can Get Involved

For those who believe they qualify as part of this class, it is crucial to act swiftly. Until February 7, 2025, investors can request to be appointed as the lead plaintiff in this matter. This opportunity means you could be at the forefront of this lawsuit, helping to steer its direction.

It is essential to note that participating as a lead plaintiff is not a requirement for obtaining any potential recovery. Investors can still benefit from the class action even if they do not serve in this capacity.

No Upfront Costs

One of the compelling features of this class action is that there will be no cost to the investors initially. The firm operates on a contingency fee basis, which means it only collects fees after successfully recovering funds for the plaintiffs. They will ask the court to cover any out-of-pocket expenses and attorney fees, which are typically taken from the total amount recovered for the class.

About the Law Firm

Bronstein, Gewirtz & Grossman, LLC has a solid reputation in the realm of securities fraud class actions, having recovered vast sums of money for investors across the United States. Their extensive experience in handling these complex cases positions them ideally to manage the upcoming class action against Marqeta.

Furthermore, updates regarding this case and other developments can be followed through their social media accounts on platforms such as LinkedIn, X, Facebook, and Instagram.

Conclusion

In light of these developments, if you are an investor who has suffered losses due to your investment in Marqeta, it is advisable to review the specifics of the current lawsuit. Consider reaching out to Bronstein, Gewirtz & Grossman LLC to explore your legal options. It is an opportunity to take action against the alleged misleading conduct of the company and potentially recoup losses through collective legal effort.

For more information, visit bgandg.com/MQ or contact the firm directly at 332-239-2660. Legal recourse may be your next step on the path to justice—don’t let this opportunity pass you by.