Join Levi & Korsinsky's Class Action for Marqeta, Inc. Investors: Get Back Your Losses

Call for Marqeta, Inc. Investors: Join the Class Action Suit

In recent news, Levi & Korsinsky, LLP has reached out to investors of Marqeta, Inc. (NASDAQ: MQ), alerting them about a class action securities lawsuit. This legal action is significant for investors who may have suffered losses due to alleged securities fraud during a specified time frame. The class action suit aims to recover funds for those adversely affected and hopes to shed light on serious discrepancies in the company’s public statements.

Background of the Case

The lawsuit particularly targets a period between May 7, 2024, and November 4, 2024, where it is alleged that Marqeta, Inc. misrepresented its business outlook to investors. More specifically, it asserts that the company failed to adequately disclose regulatory challenges that would later impact its guidance for the fourth quarter of 2024. As a result, the firm is accused of making materially false and misleading statements.

Key Allegations

The lawsuit outlines three primary allegations regarding Marqeta's misrepresentation:
1. Understated Regulatory Challenges - The defendants allegedly concealed serious regulatory issues that were detrimental to the company's operations.
2. Guidance Cuts - The lawsuit claims Marqeta was forced to reduce its financial guidance for the fourth quarter, which further hindered investor confidence.
3. Misleading Public Statements - It is contended that public affirmations made by the defendants were deceptive throughout the relevant periods.

If you invested in Marqeta and believe you were affected by these practices, you might still have time to act. Investors have until February 7, 2025, to request the Court to appoint them as lead plaintiff. However, note that participating in the class action does not require investors to take on this extra responsibility—there is potential for recovery without such a designation.

Costs and Compensation

One of the most attractive aspects of this class action lawsuit is that it comes with no upfront costs for investors. If you qualify as a class member, you may be entitled to compensation without incurring any out-of-pocket expenses. Levi & Korsinsky emphasizes that there is no obligation to participate, making it a risk-free opportunity for those affected.

Why Choose Levi & Korsinsky?

With a history spanning over 20 years in securities litigation, Levi & Korsinsky has built an impressive record in recovering hundreds of millions of dollars for shareholders. With a dedicated team of over 70 professionals, they are adept at handling complex legal challenges against corporations. Furthermore, the firm has been consistently recognized by ISS Securities Class Action Services as one of the leading securities litigation firms in the United States, achieving a place in their prestigious Top 50 Report multiple years in a row.

Take Action Now

For those hoping to explore their options, Levi & Korsinsky invites investors to reach out directly for further information. Joseph E. Levi, Esq. and Ed Korsinsky, Esq. are available to discuss the details of the lawsuit and assist investors in understanding their rights. They can be contacted via email or telephone.

As Marqeta navigates these troubling allegations, investors have a timeframe to make their voices heard and potentially reclaim lost funds. For further inquiries and to see if you qualify for this class action, visit the Levi & Korsinsky website or contact them directly.

This lawsuit not only seeks financial restitution but also hopes to promote transparency and accountability within Marqeta, Inc.