#United States #New Orleans #Kahn Swick #Charles Foti #Marqeta

Important Marqeta Shareholder Alert

Understanding the Class Action Lawsuit
Marqeta, Inc., a company traded under the ticker MQ, has recently come under scrutiny due to serious allegations regarding its securities declarations. As of December 20, 2024, Kahn Swick & Foti, LLC (KSF), along with its partner and former Louisiana Attorney General Charles C. Foti, Jr., has issued a reminder to investors who have experienced losses exceeding $100,000. They have a deadline rapidly approaching to join the class action lawsuit against Marqeta. This window for potential lead plaintiff applications closes on February 7, 2025.

Who Should Be Concerned?

If you purchased Marqeta’s securities between August 7, 2024, and November 4, 2024, you may be affected by this ongoing legal challenge. The case is currently pending in the United States District Court for the Northern District of California. Those engaging with this lawsuit may recover some of their investment losses allegedly caused by the company's misleading statements.

Key Legal Allegations

The lawsuit accuses Marqeta and certain executives of failing to communicate essential regulatory challenges that could significantly impact the company's business. Specific allegations include:

1. Understated Regulatory Challenges: The company allegedly downplayed the hurdles affecting its operational outlook, failing to provide a true depiction of potential risks to investors.
2. Misguided Financial Guidance: Marqeta was accused of providing misleading financial forecasts, specifically guidance for the fourth quarter of 2024, which the lawsuit claims was not achievable.
3. False Statements: Cumulative assertions made by the company are claimed to lack a reasonable basis, making them materially false and misleading.

These accusations, outlined in the case titled Wai v. Marqeta, Inc., et al. (No. 24-cv-08874), are severe and could have longstanding ramifications for the company and its investors.

How to Get Involved

Investors wishing to understand their rights or become involved in the class action lawsuit are encouraged to act without delay. Kahn Swick & Foti, LLC is poised to assist potential plaintiffs in navigating the complexities of this legal process. Anyone interested can contact KSF Managing Partner Lewis Kahn at 1-877-515-1850 or via email at email protected]. For further details, investors can also visit their dedicated page for this case at [ksfcounsel.com.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti is recognized as one of the notable boutique securities litigation law firms across the nation. The firm has gained recognition for advocating on behalf of public institutional investors, hedge funds, money managers, and retail investors, striving to recover losses from corporate fraud and mismanagement by publicly traded companies. KSF’s extensive geographical footprint includes offices in New York, Delaware, California, Chicago, Louisiana, and New Jersey, highlighting their commitment to providing comprehensive client service.

Conclusion

The ongoing case against Marqeta, Inc. raises significant questions about investor rights and corporate accountability. As this lawsuit unfolds, timely action from affected shareholders will be critical in seeking recovery for their losses. Interested investors are urged to seize this opportunity to engage in the legal proceedings actively.

For further updates and information on investor rights, keep an eye on announcements from Kahn Swick & Foti, LLC and other relevant authorities.