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

Major Notice for Marqeta Investors

As legal proceedings intensify against Marqeta, Inc., investors are placed on alert concerning a pivotal deadline for filing claims in a class action lawsuit. The firm Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., is taking significant steps to remind investors of their rights and the timeline they must adhere to.

Lawsuit Overview

The class action lawsuit in focus targets Marqeta, Inc. and certain executives for allegedly failing to disclose crucial information that could impact the company's stock performance and, consequently, investor finances. This lawsuit covers transactions made between August 7, 2024, and November 4, 2024, during which the stock price may have been artificially inflated due to misleading statements. Investors who stand to recover losses exceeding $100,000 should be mindful that they must submit their lead plaintiff applications by February 7, 2025.

The case, referred to as Wai v. Marqeta, Inc., et al., No. 24-cv-08874, is currently pending in the United States District Court for the Northern District of California. Legal representatives from KSF are actively reaching out to qualified individuals, encouraging them to participate in this potentially lucrative lawsuit.

What You Need to Know

Who is Affected?

Marqeta investors whose investments fall within the specified date range and who have incurred substantial losses are advised to contact KSF. The firm aims to facilitate discussions around the legal options available to these investors.

Legal Representation

Individuals impacted can connect with KSF's managing partner, Lewis Kahn, without any obligation or cost. Interested parties can reach him at a toll-free number or via email, with further information accessible through KSF’s dedicated website.

Allegations Against Marqeta

The lawsuit outlines several serious allegations against Marqeta, including:
1. Understated Regulatory Challenges: The company reportedly failed to appropriately communicate the regulatory issues complicating its business forecast.
2. Guidance Reductions: Allegations also include the company’s unwillingness to lower its fourth-quarter guidance, misleading investors about the future outlook.
3. Misleading Information: Executives are accused of making statements that were not only materially false but also lacked a factual basis, thereby violating federal securities laws.

The Role of Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC is identified as one of the nation's top boutique litigation law firms with a specialization in securities matters. With a broad client base—including individual investors and large institutional fund holders—KSF’s mission is clear: to assist clients in recovering from financial losses due to corporations engaging in fraudulent practices.

Why Seek Representation?

Navigating the nuances of securities litigation can be complex and overwhelming for individual investors. Legal representation from experienced professionals like KSF not only aids in the legal process but can significantly enhance the chances of recovering losses. With offices located across various states, KSF is poised to provide dedicated support to affected investors.

Closing Thoughts

Investors who have endured losses with Marqeta need to stay vigilant. As the February 7 deadline approaches, proactive measures should be taken to secure one’s rights and potentially recover losses.

Stay informed and take action to make necessary legal claims—your financial future may depend on it.