Marqeta Investors Urged to Join Class Action Lawsuit for Significant Losses
In an important development for investors of Marqeta, Inc. (NASDAQ: MQ), significant news has emerged regarding potential legal recourse for those affected by financial losses within a specified timeframe. The law firm Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., has announced that investors who experienced losses exceeding $100,000 from August 7, 2024, to November 4, 2024, are eligible to participate in a class action lawsuit.
This lawsuit, currently pending in the United States District Court for the Northern District of California, argues that Marqeta and certain executives failed to disclose crucial information that materially impacted the company's stock performance. Plaintiffs have raised allegations that statements made by the company were misleading or entirely false, violating federal securities laws. Specific assertions of omission include:
1. Inadequate disclosure regarding regulatory challenges that could potentially hinder the company’s business outlook.
2. Advance notification of the necessity to reduce projections for the fourth quarter of 2024.
3. Misleading statements that lacked a substantiated foundation during this crucial period.
The official case is noted as Wai v. Marqeta, Inc., et al., with the case number 24-cv-08874. For those who wish to pursue this matter, the deadline to file lead plaintiff applications is set for February 7, 2025.
Investors who purchased Marqeta’s securities during the designated class period and are interested in knowing more about their legal rights, or how joining this lawsuit could affect their ability to recover losses, are encouraged to contact Kahn Swick & Foti, LLC directly for a no-obligation consultation. They provide contact options including a toll-free hotline at 1-877-515-1850, an email address at email protected], or through an online contact form available at [ksfcounsel.com.
KSF, recognized as a leading boutique securities litigation law firm, is dedicated to offering comprehensive legal support to a diverse clientele that encompasses retail investors, hedge funds, and public institutional investors. Their mission is to assist clients in recovering from significant losses due to corporate fraud or misconduct originating from publicly traded businesses. KSF operates several offices across the United States, including locations in New York, California, Louisiana, Chicago, Delaware, and New Jersey.
It is critical for impacted investors to stay informed about their rights and the potential for recovery through legal channels. With the deadline for involvement in this class action looming, timely action could be essential for those seeking justice in their financial affairs. For ongoing updates, visit the KSF website and consult with legal professionals familiar with securities law.
This class action serves as a vital opportunity for Marqeta investors to seek restitution for their financial hardships caused by the alleged mismanagement and misrepresentation by corporate executives during a tumultuous period. Investors are encouraged to act quickly in light of forthcoming deadlines.
Understanding the Class Action
This lawsuit, currently pending in the United States District Court for the Northern District of California, argues that Marqeta and certain executives failed to disclose crucial information that materially impacted the company's stock performance. Plaintiffs have raised allegations that statements made by the company were misleading or entirely false, violating federal securities laws. Specific assertions of omission include:
1. Inadequate disclosure regarding regulatory challenges that could potentially hinder the company’s business outlook.
2. Advance notification of the necessity to reduce projections for the fourth quarter of 2024.
3. Misleading statements that lacked a substantiated foundation during this crucial period.
The official case is noted as Wai v. Marqeta, Inc., et al., with the case number 24-cv-08874. For those who wish to pursue this matter, the deadline to file lead plaintiff applications is set for February 7, 2025.
What Investors Can Do
Investors who purchased Marqeta’s securities during the designated class period and are interested in knowing more about their legal rights, or how joining this lawsuit could affect their ability to recover losses, are encouraged to contact Kahn Swick & Foti, LLC directly for a no-obligation consultation. They provide contact options including a toll-free hotline at 1-877-515-1850, an email address at email protected], or through an online contact form available at [ksfcounsel.com.
About Kahn Swick & Foti, LLC
KSF, recognized as a leading boutique securities litigation law firm, is dedicated to offering comprehensive legal support to a diverse clientele that encompasses retail investors, hedge funds, and public institutional investors. Their mission is to assist clients in recovering from significant losses due to corporate fraud or misconduct originating from publicly traded businesses. KSF operates several offices across the United States, including locations in New York, California, Louisiana, Chicago, Delaware, and New Jersey.
Final Note
It is critical for impacted investors to stay informed about their rights and the potential for recovery through legal channels. With the deadline for involvement in this class action looming, timely action could be essential for those seeking justice in their financial affairs. For ongoing updates, visit the KSF website and consult with legal professionals familiar with securities law.
This class action serves as a vital opportunity for Marqeta investors to seek restitution for their financial hardships caused by the alleged mismanagement and misrepresentation by corporate executives during a tumultuous period. Investors are encouraged to act quickly in light of forthcoming deadlines.
Topics Financial Services & Investing）
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