#United States #San Diego #Class Action #Robbins LLP #Marqeta Inc

Marqeta Inc: A Call to Action for Affected Investors

Marqeta, Inc., a key player in the digital payment technology sector, is currently facing a class action lawsuit that could impact numerous investors. For those who bought or obtained Marqeta securities between August 7, 2024, and November 4, 2024, now is the time to take action. Robbins LLP, a law firm known for advocating shareholder rights, is encouraging affected investors to come forward.

Overview of the Class Action

This lawsuit arises from significant allegations against Marqeta, including accusations that the company failed to divulge critical information regarding regulatory scrutiny impacting its business. More specifically, the lawsuit points to a failure to disclose serious challenges that would inevitably affect the company's financial outlook, ultimately leading to a drastic cut in its guidance for the fourth quarter of 2024.

The situation escalated dramatically on November 4, 2024, when Marqeta announced its third-quarter financial results, which led to a stark revision of its fourth-quarter projections. The company's management admitted that heightened regulatory scrutiny had influenced customer program changes, which had serious implications for their business operations. Despite executives being aware of these challenges as early as the beginning of the year, it appears they did not share this crucial information with investors.

Impact on Shareholders

The fallout from these revelations was swift. Following the November 4 announcement, Marqeta's stock plummeted dramatically by $2.53, reflecting a staggering 42.5% drop in value. Shareholders now face uncertainty regarding their investments, and many have experienced substantial financial losses. This drastic decline highlights the critical need for accountability from corporate executives and transparency in financial disclosures.

How to Participate in the Class Action

If you are a shareholder affected by these events, Robbins LLP has opened the door for you to participate in the class action. Those wishing to take a more active role can apply to be the lead plaintiff in the case, with applications due by February 7, 2025. As a lead plaintiff, you would represent the interests of other class members in guiding the litigation. However, it’s important to note that there is no obligation to participate in the case to be eligible for a financial recovery should the suit result in settlement. Even if one decides to remain passive, they would still be considered an absent class member.

In terms of legal fees, Robbins LLP operates on a contingency fee basis, meaning that shareholders will not incur any fees or expenses unless there is a successful recovery.

About Robbins LLP

Founded in 2002, Robbins LLP has established itself as a leading firm in shareholder rights litigation. Their commitment to helping investors recoup losses, enhance corporate governance, and hold responsible parties accountable is well-documented and continually upheld by their legal team.

For those interested in receiving updates on the class action, or for notifications regarding settlements and corporate misconduct, registering for the Stock Watch service is recommended.

If you believe you may be eligible to participate or have additional queries, you can reach out via their website or contact attorney Aaron Dumas, Jr., directly by phone at (800) 350-6003. Don’t miss the chance to defend your rights as an investor—act now to ensure your voice is heard in this critical legal matter.