#United States #New York #Class Action #Gross Law Firm #Inc. #Marqeta

Class Action Lawsuit Filed Against Marqeta, Inc.

In a significant development impacting shareholders of Marqeta, Inc. (NASDAQ: MQ), The Gross Law Firm has announced the filing of a class action lawsuit aiming to compensate investors for losses incurred. This lawsuit sheds light on serious allegations against the company, which could affect many stakeholders who bought shares during the specified time frame.

Background of the Case

The lawsuit pertains to shares purchased between May 7, 2024, and November 4, 2024. During this period, the complaint claims that Marqeta and its executives made materially false and misleading statements about the company’s financial health and future prospects. Specifically, it alleges that Marqeta downplayed existing regulatory challenges that could negatively impact its business outlook. This misrepresentation ultimately led to a reduction in the company's guidance for the fourth quarter of 2024.

According to the allegations, the company’s public statements were not only misleading but also failed to disclose crucial information which, if known, would likely have influenced shareholders’ investment decisions. Such actions point to a significant breach of trust between Marqeta and its investors, as the latter is claiming damages for the financial impact of these misleading communications.

Next Steps for Shareholders

For shareholders who believe they are affected by this turmoil, The Gross Law Firm encourages them to reach out and register for participation in the lawsuit. It’s critical to act fast, as the deadline to register as a lead plaintiff is set for February 7, 2025. While the lead plaintiff status is not necessary for recovery, registering provides shareholders with continued support and updates through a portfolio monitoring tool. This initiative ensures that they stay informed on the lawsuit's progress.

The appeal to shareholders is a reminder of the importance of transparency and responsible business practices in today's corporate landscape. The Gross Law Firm, renowned for its work in class action litigation, aims to uphold the rights of investors who have suffered financial losses due to unethical corporate actions.

Why Choose Gross Law Firm?

The Gross Law Firm advocates for investor rights and is committed to holding companies accountable for their business practices. Their dedication is reflected in their aim to recover losses incurred by investors due to deceitful or misleading corporate behavior. This provides a crucial opportunity for those seeking justice and restitution.

Contact Details

Investors interested in pursuing this case or seeking further information can contact The Gross Law Firm directly. They have set up an accessible information portal for shareholders, enabling a seamless registration process for the lawsuit.

• - Contact Information:

The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Phone: (646) 453-8903
Email: [email protected]

Shareholders are advised not to delay in registering, as prompt action is critical for participation in this significant class action lawsuit against Marqeta, Inc. The actions taken can potentially set precedent for corporate accountability and investor protection in the future.