Levi & Korsinsky Brings Attention to Marqeta, Inc.'s Class Action Lawsuit and Important Deadlines

Marqeta, Inc. Class Action Lawsuit Notification

On February 7, 2025, Levi & Korsinsky, LLP informed investors of a class action securities lawsuit against Marqeta, Inc. (NASDAQ: MQ). This lawsuit targets alleged securities fraud that affected Marqeta shareholders during a specified timeframe.

Details of the Allegations

The lawsuit centers around claims made against Marqeta from May 7, 2024, to November 4, 2024. The filed complaint asserts that Marqeta's management issued misleading statements and concealed essential regulatory challenges which severely impacted the company’s business outlook. As a result, Marqeta was compelled to adjust its guidance for the fourth quarter of 2024 substantially lower, a move that allegedly misled investors about the company's true financial health.

The misrepresentation of essential business challenges is the crux of the lawsuit. By obscuring the regulatory obstacles, Marqeta allegedly created an illusion of stability and growth that faltered once the truth was revealed, causing significant financial losses for shareholders.

Important Dates and Actions

Investors who experienced a loss during the relevant period must act swiftly, as the deadline to request appointment as lead plaintiff is February 7, 2025. While you don’t need to be the lead plaintiff to recover potential losses, expressing your eligibility before the deadline is crucial for maximizing your chances of compensation.

No Out-of-Pocket Costs

Levi & Korsinsky has made it clear that class members can pursue compensation without incurring any costs. Participation does not require any payment of fees upfront, making it accessible for affected investors.

Expertise of Levi & Korsinsky

For over 20 years, Levi & Korsinsky has built a formidable reputation in the field of securities litigation, securing hundreds of millions for investors. With a dedicated team that specializes in complex securities fraud cases, they have consistently ranked in the Top 50 by ISS Securities Class Action Services, a testament to their prowess and commitment to protecting shareholder rights.

Contact Information

If you have been financially affected by your investment in Marqeta, you can reach out to Levi & Korsinsky for more information. Joseph E. Levi, Esq. is available via email at [email protected] or by phone at (212) 363-7500.

In conclusion, Marqeta investors are encouraged to stay informed and proactive regarding this class action lawsuit. This situation not only highlights potential injustices in corporate disclosures but also underscores the importance of vigilant investor awareness.