Investors with Losses Over $100k Urged to Act in Marqeta Class Action Lawsuit

Marqeta Class Action Lawsuit: Important Investor Alert

In an ongoing legal situation, Kahn Swick & Foti, LLC (KSF) is calling upon investors who suffered significant financial losses related to Marqeta, Inc. (NasdaqGS: MQ) to take action. The reminder comes from KSF’s partner, Charles C. Foti, Jr., a former Attorney General of Louisiana, alerting those affected that the deadline to file lead plaintiff applications in a securities class action lawsuit is approaching, set for February 7, 2025.

Timeline of Events

The class action pertains to Marqeta securities purchased between August 7, 2024 and November 4, 2024. Investors who acquired shares during this timeframe and incurred losses exceeding $100,000 are encouraged to consider their legal standing.

Investors have the opportunity to join this class action, which is currently pending in the United States District Court for the Northern District of California. The allegations center on claims that Marqeta and its executives failed to disclose crucial information, violating federal securities laws.

Allegations Against Marqeta

The allegations against Marqeta primarily involve assertions that the company made misleading statements regarding its financial status. Investors allege that Marqeta:
1. Understated regulatory challenges that could impact its stability.
2. Misled investors regarding its financial projections, particularly concerning the anticipated guidance for the fourth quarter of 2024.
3. Provided false information that ultimately misled shareholders, affecting their economic well-being.

These allegations have raised significant concerns, leading investors to seek compensation for their losses during the class period. The ongoing case, titled Wai v. Marqeta, Inc., et al., is categorized under case number 24-cv-08874.

Your Rights as an Investor

KSF is prepared to assist affected investors in understanding their legal rights and options moving forward. Without any obligations or costs, those interested can reach out to the KSF Managing Partner, Lewis Kahn, at 1-877-515-1850 or by email at [email protected]. Additional information can also be found at their dedicated webpage: ksfcounsel.com/cases/nasdaqgs-mq.

Potential lead plaintiffs are urged to take action before the approaching deadline of February 7, 2025, to strengthen their positions in the legal proceedings against Marqeta, Inc.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC is recognized as one of the leading boutique law firms specializing in securities litigation. With a team that includes Charles C. Foti, Jr., the firm represents various clients, from public institutional investors to retail investors, aiming to recover losses linked to corporate malfeasance in publicly traded companies. KSF maintains offices in several states, including New York, California, and Louisiana, reinforcing its commitment to aiding affected investors nationwide.

For more comprehensive insights into KSF and its operations, please visit their website at ksfcounsel.com.