#United States #New York #Class Action #Securities Fraud #Marqeta

Important Alert for Marqeta Investors

On January 31, 2025, Levi & Korsinsky, LLP announced a significant class action lawsuit concerning Marqeta, Inc. (NASDAQ: MQ). The firm has called upon investors to connect with them regarding their rights before February 7, 2025. This is a crucial period for Marqeta shareholders who feel they may have been negatively affected by alleged securities fraud occurring between May 7, 2024, and November 4, 2024.

Understanding the Lawsuit

The class action aims to seek restitution for shareholders who may have suffered losses due to misleading statements and omissions made by Marqeta. It is alleged that these false representations pertained to the company's business outlook, particularly regarding regulatory challenges that were not appropriately disclosed. As a direct result, Marqeta's guidance for the fourth quarter of 2024 was significantly diminished, reflecting a grim outlook for investors and leading to the assertion that the public communications made by Marqeta were materially false and misleading.

Who Should Contact

If you are a Marqeta investor and experienced a loss during the aforementioned period, it is advisable to act swiftly. Shareholders have until February 7, 2025, to request the court appoint them as lead plaintiffs in the matter. It is essential to note that participating as a lead plaintiff is not a prerequisite for any potential recovery; investors may still be entitled to compensation even if not serving in a leadership role.

No Cost to Participate

Levi & Korsinsky emphasizes that there are no costs or obligations for class members to participate in this lawsuit. Should you qualify as a class member, compensation might be available without any out-of-pocket expenses. This law firm has a robust track record of successful class actions for shareholders, dedicating considerable resources to ensure clients receive appropriate recoveries.

Why Consider Levi & Korsinsky

For over 20 years, Levi & Korsinsky has built an impressive history of securing hundreds of millions of dollars for investors across various sectors. The firm is renowned for its proficiency in complex securities litigation, comprising a dedicated team of over 70 legal professionals focused on achieving favorable outcomes for their clients. Their consistent ranking in ISS Securities Class Action Services' Top 50 Report as a premier securities litigation firm in the U.S. corroborates their commitment to investor rights.

Next Steps

Shareholders interested in learning more about the class action lawsuit or who want to discuss their situations can directly contact Levi & Korsinsky. Joseph E. Levi, Esq. is available via email at jlevi@zlk.com or by phone at (212) 363-7500. Furthermore, information can be acquired through their official website by submitting the appropriate forms.

Conclusion

If you believe you have been adversely affected by the actions of Marqeta, do not underestimate the importance of participating in this class action lawsuit. Levi & Korsinsky encourages you to take action before the February deadline to ensure your voice and claims are heard in court.