#USA #New York #Marqeta #Faruqi & Faruqi #securities claims

Introduction

Faruqi & Faruqi, LLP, a prominent national law firm specializing in securities litigation, has announced its investigation into potential legal claims against Marqeta, Inc. This is particularly relevant for investors who may have suffered financial losses exceeding $50,000 between May 7, 2024, and November 4, 2024. In light of recent developments, shareholders are urged to explore their options as the deadline for participating in a federal securities class action approaches.

Current Legal Landscape

As of February 7, 2025, Marqeta has come under scrutiny for allegedly violating federal securities laws. The actions taken by the company, alongside its executives, may include making misleading statements and withholding critical information related to its business operations. Furthermore, the investigation highlights that Marqeta had potentially underestimated the regulatory challenges impacting its market performance.

Background on Marqeta

Marqeta, a company publicly traded on NASDAQ under the ticker symbol MQ, is known for its unique payment processing technology. However, recent financial disclosures have indicated a troubling trend. Following a press release on November 4, 2024, which outlined the company's third-quarter results, Marqeta recorded a significant drop in its fourth-quarter guidance. This decline can be traced to heightened scrutiny within the banking sector and specific operational changes impacting client programs.

Investor Impact

After the disconcerting announcement, Marqeta's stock experienced a drastic decline, plummeting by $2.53 per share, a staggering 42.5% drop. This substantial loss has undoubtedly raised alarm among its investors, many of whom may now be reconsidering their positions within the company. Faruqi & Faruqi aims to provide a voice for these investors by advocating for their rights and encouraging them to take action.

Role of the Lead Plaintiff

The law firm stresses the importance of appointing a lead plaintiff for the class action. This individual takes on the responsibility of representing their fellow investors in litigation against the company. Each member of the potential class may either choose to seek this leadership role or remain an absent member, with the understanding that their eligibility to recover any potential damages remains unaffected by this choice.

Next Steps for Affected Investors

Faruqi & Faruqi encourages all investors who have faced losses to connect with them for a consultation. The firm invites feedback from whistleblowers, former employees, and shareholders who may possess insightful information regarding Marqeta's business practices. Those interested can visit www.faruqilaw.com/MQ for more details and guidance.

Conclusion

As the situation regarding Marqeta continues to unfold, affected investors should proactively explore their legal rights with knowledgeable counsel. The window for taking pivotal steps in the upcoming class action is closing quickly, emphasizing the urgency for interested parties to make their voices heard and seek potential recovery for their losses. Faruqi & Faruqi, with its extensive experience and commitment to investor advocacy, stands poised to guide those who feel wronged by Marqeta’s alleged mismanagement.

Contact Information

For individuals seeking legal advice or wanting to become involved in this class action, please reach out to Faruqi & Faruqi directly at 877-247-4292. With a strong track record of recovering hundreds of millions for investors and a network of offices across the country, the firm remains a trusted ally in securities litigation.