Marqeta, Inc. Faces Class Action Lawsuit Over Alleged Securities Fraud
On January 24, 2025, Levi & Korsinsky, LLP announced a class action lawsuit against Marqeta, Inc. for violations of securities laws that allegedly adversely affected its investors. This lawsuit is particularly significant for stakeholders of Marqeta, as it aims to recover losses incurred between May 7, 2024, and November 4, 2024. The firm highlights the critical nature of this case for shareholders who may have suffered financial damages during this period.
The lawsuit accuses Marqeta of making misleading statements and failing to disclose crucial information regarding its business operations. Specifically, the complaint alleges that the company downplayed the regulatory challenges influencing its business outlook. As a result of these omissions, investors were misled about the company’s financial health and future prospects. The lawsuit asserts that Marqeta eventually had to retract its financial guidance for the fourth quarter of 2024, which further exacerbated investor losses.
For investors who have suffered losses during the specified timeframe, there is an urgent call to action. Affected individuals have until February 7, 2025, to request the court to appoint them as lead plaintiffs. Participation in the lawsuit does not necessitate being a lead plaintiff, as all members of the class may be entitled to potential compensation.
Levi & Korsinsky emphasizes that if you are considered a class member, you wouldn’t incur any out-of-pocket expenses for participating. This aspect is particularly reassuring for investors wary of the financial implications commonly associated with legal proceedings. The firm indicates a no-cost structure is designed to encourage participation without additional burdens on class members.
With a history spanning over 20 years, Levi & Korsinsky has successfully represented shareholders and recovered substantial sums in securities litigations. The firm has a strong track record, having ranked among the top securities litigation firms in the United States for seven consecutive years, per ISS Securities Class Action Services. Leveraging a team of over 70 dedicated professionals, they aim to provide exceptional service to their clients.
Investors with inquiries regarding their eligibility or the process to join the lawsuit are encouraged to connect with Joseph E. Levi, Esq. via email or phone. The law firm has provided various channels for affected investors to receive further guidance and assistance.
For those potentially impacted by this situation, detailed information can be accessed through the official channels provided by the firm, ensuring that all stakeholders are adequately informed of their rights and options moving forward. The duration of the legal proceedings could vary, but the opportunities for compensation present a compelling reason for affected investors to engage.
Overview of the Allegations
The lawsuit accuses Marqeta of making misleading statements and failing to disclose crucial information regarding its business operations. Specifically, the complaint alleges that the company downplayed the regulatory challenges influencing its business outlook. As a result of these omissions, investors were misled about the company’s financial health and future prospects. The lawsuit asserts that Marqeta eventually had to retract its financial guidance for the fourth quarter of 2024, which further exacerbated investor losses.
Implications for Investors
For investors who have suffered losses during the specified timeframe, there is an urgent call to action. Affected individuals have until February 7, 2025, to request the court to appoint them as lead plaintiffs. Participation in the lawsuit does not necessitate being a lead plaintiff, as all members of the class may be entitled to potential compensation.
No Financial Risk to Participants
Levi & Korsinsky emphasizes that if you are considered a class member, you wouldn’t incur any out-of-pocket expenses for participating. This aspect is particularly reassuring for investors wary of the financial implications commonly associated with legal proceedings. The firm indicates a no-cost structure is designed to encourage participation without additional burdens on class members.
Expertise of Levi & Korsinsky
With a history spanning over 20 years, Levi & Korsinsky has successfully represented shareholders and recovered substantial sums in securities litigations. The firm has a strong track record, having ranked among the top securities litigation firms in the United States for seven consecutive years, per ISS Securities Class Action Services. Leveraging a team of over 70 dedicated professionals, they aim to provide exceptional service to their clients.
How to Get Involved
Investors with inquiries regarding their eligibility or the process to join the lawsuit are encouraged to connect with Joseph E. Levi, Esq. via email or phone. The law firm has provided various channels for affected investors to receive further guidance and assistance.
For those potentially impacted by this situation, detailed information can be accessed through the official channels provided by the firm, ensuring that all stakeholders are adequately informed of their rights and options moving forward. The duration of the legal proceedings could vary, but the opportunities for compensation present a compelling reason for affected investors to engage.
Topics Financial Services & Investing）
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