#United States #New York #Class Action #Rosen Law Firm #Marqeta

Marqeta Investors Are Invited to Take Action in Important Class Action Lawsuit

In a significant development for investors of Marqeta, Inc. (NASDAQ: MQ), a class action lawsuit has been initiated by The Rosen Law Firm, a global leader in investor rights advocacy. This legal action targets those who acquired Marqeta securities between August 7, 2024, and November 4, 2024, making it essential for affected parties to take notice.

The lawsuit, designed to represent the interests of shareholders impacted during the specified period, is centered around allegations of misleading and false statements made by Marqeta's management. Investors who purchased securities during the Class Period may qualify for compensation and have the opportunity to be part of a collective legal effort. To serve as the lead plaintiff, participants must file their motion with the court no later than February 7, 2025.

What Are the Claims?

The allegations claim that during the class period, Marqeta's leadership failed to disclose important regulatory challenges impacting the company’s business outlook. The lawsuit identifies that, due to unforeseen circumstances, the company would ultimately have to revise its earnings forecasts for the fourth quarter of 2024. These undisclosed elements ultimately led to inflated stock prices and left investors vulnerable to substantial financial losses when the truth about the company’s situation was revealed.

How to Participate?

According to the announcements, investors wishing to join the class action need to navigate to the Rosen Law Firm website at rosenlegal.com or call the firm’s designated attorney, Phillip Kim, at 866-767-3653. The law firm is encouraging all affected investors to reach out as soon as possible to ensure they understand their rights and options regarding the lawsuit.

It’s important to note that no class has been certified yet, meaning that until this process is complete, no participant is represented by legal counsel unless they specifically retain a lawyer. Investors also have the option to remain uninvolved at this early stage, but their potential financial recovery would be unaffected by whether or not they choose to be a lead plaintiff or actively participate in the proceedings.

Why Choose Rosen Law Firm?

Rosen Law Firm has a proven track record of handling securities class actions and maintaining a robust reputation for securing settlements for investors. The firm boasts remarkable achievements, including being ranked the number one firm for securities class action settlements in 2017. With a history confirmed by aggressive representation and substantial financial recoveries, the firm stands out as a trusted choice for impacted investors.

As of 2020, Laurence Rosen, the founding partner, was recognized by Law360 as a prestigious figure in the plaintiffs’ bar, citing the firm’s extensive accomplishments and dedication to investor rights as key factors. Many cases they have managed have resulted in recoveries totaling hundreds of millions, solidifying their position as a leader in securities litigation.

Conclusion

For investors in Marqeta, participatory action is critical at this juncture. With the impending deadline for lead plaintiff applications, timing is of the essence. It is advisable for those who have purchased securities during the Class Period to reach out to The Rosen Law Firm and evaluate their next steps. Engaging in the class action process not only bolsters individual claims but also strengthens the position of all investors affected by the alleged fraudulent activities. By acting promptly, you may secure a path towards rightful compensation and representation in a significant legal proceeding.