#United States #New York #Class Action #Marqeta #Levi Korsinsky

Levi & Korsinsky's Notice to Marqeta Investors

Levi & Korsinsky, LLP has recently reached out to investors of Marqeta, Inc. (NASDAQ: MQ) regarding a class action lawsuit concerning securities fraud. This development is crucial for shareholders who were active from May 7 to November 4, 2024. The firm aims to provide comprehensive details to impacted stakeholders to help them navigate this legal process.

Understanding the Class Action Lawsuit

The essence of this lawsuit is rooted in the allegation of adverse impacts on Marqeta's investors due to purported securities fraud. Specifically, the lawsuit seeks to recover financial losses on behalf of those investors affected by misleading statements or omissions made by the company during the specified period. The filed complaint asserts that:
1. Marqeta minimized the regulatory challenges that threatened its business operations.
2. Consequently, the company was compelled to revise its guidance for the fourth quarter of 2024 downward.
3. As a result, the public statements made by the defendants were significantly misleading at all relevant times.

These claims present a formidable challenge for Marqeta, which has to defend its credibility against serious allegations that could betray investor trust and market perception.

The Next Steps for Investors

For those who believe they have suffered financial losses due to these issues, it is crucial to act swiftly. Investors are granted a window until February 7, 2025, to formally request the court to appoint them as lead plaintiffs. However, it’s important to note that participating in any recovery does not necessitate serving as a lead plaintiff. This aspect enables broader participation from stakeholders affected by these dire events.

No Cost to Participate

An encouraging aspect of this announcement is that class members are not required to incur any out-of-pocket costs to be included in the lawsuit. The legal process is structured so that eligible investors might receive compensation for their losses without upfront fees. Levi & Korsinsky has positioned itself distinctly in this domain, providing a no-risk avenue for Marqeta's investors to seek reparation.

Why Levi & Korsinsky?

The legal team at Levi & Korsinsky, with over two decades of experience, has a solid track record of obtaining substantial victories for aggrieved shareholders, accounting for hundreds of millions in recoveries over the years. Their expertise is particularly notable in complex securities litigation, backed by a dedicated team ready to assist clients through challenging times. Furthermore, Levi & Korsinsky has consistently received recognition for its high-stakes litigation capabilities, having been ranked in the Top 50 by ISS Securities Class Action Services for seven consecutive years.

Contact Details

Investors seeking additional information or wish to learn more about the implications of this class action lawsuit can reach out to Joseph E. Levi, Esq. at (212) 363-7500, or email at the provided contact to ensure they are properly informed on this significant legal development.

As shareholders await further updates on the situation, remaining vigilant about their rights and avenues for recourse will be key in navigating the aftermath of these regulatory challenges facing Marqeta.