Investor Alert: Legal Investigation Launched Against Marqeta, Inc. Over Alleged Securities Violations

Investor Alert: Legal Investigation Launched Against Marqeta, Inc.

In the wake of significant financial losses among investors, Faruqi & Faruqi, LLP, a prominent national securities law firm, is currently investigating potential legal claims against Marqeta, Inc. This investigation centers on allegations that Marqeta may have violated federal securities laws, causing substantial harm to its investors.

Overview of the Situation

Marqeta, Inc., known for its innovative payment solutions, has reportedly faced scrutiny regarding its business practices and regulatory compliance. Investors who experienced losses exceeding $50,000 between May 7, 2024, and November 4, 2024, are being urged to contact the firm to discuss their options, as there are ongoing legal proceedings against the company. February 7, 2025, stands out as a critical deadline for those seeking to take on the role of lead plaintiff in a federal class action lawsuit filed against Marqeta.

James (Josh) Wilson, a partner at Faruqi & Faruqi, is leading the call for impacted investors to reach out directly to him. Investors can either opt to be involved actively in the litigation or retain their class member status without taking any action. However, engaging as a lead plaintiff could potentially offer more influence within the proceedings.

Underlying Allegations

The core of the complaint alleges several key violations:
1. Misleading Statements: Marqeta is accused of making false and misleading claims regarding its business outlook, particularly concerning regulatory challenges that could impact its operations.
2. Inaccurate Guidance: The company allegedly understated the significance of these regulatory issues, leading to a misguided earnings forecast for the fourth quarter of 2024.
3. Market Reaction: When the true details about Marqeta's financial and operational challenges were revealed, investor confidence plummeted, resulting in a dramatic stock price drop. On November 5, 2024, the company's shares fell by a staggering 42.5%, closing at $3.42 per share following the release of disappointing quarterly financial results and lowered expectations for the upcoming quarter.

Call to Action

Faruqi & Faruqi, LLP continues to encourage any individual with relevant information about Marqeta's corporate activities, including whistleblowers and former employees, to share their insights with the firm. Their findings could potentially bolster the case against the company and provide justice for affected shareholders.

For more information regarding the investigation and participation options, investors can visit Marqeta’s dedicated class action page at www.faruqilaw.com/MQ. Interested parties can also reach out to partner Josh Wilson directly by calling 877-247-4292 or 212-983-9330 (Ext. 1310).

Conclusion

As the legal landscape surrounding Marqeta develops, it is important for investors to stay informed and proactive regarding their rights and options. With the upcoming deadlines and the potential for significant financial recovery on the horizon, those who’ve suffered losses should consider reaching out to legal experts immediately.

Stay updated by following legal news related to securities on platforms like LinkedIn or Facebook. Remember, the law firm advertising this message is Faruqi & Faruqi, LLP, and earlier verdicts do not predict similar outcomes in future matters. All communications will be held confidentially.