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Marqeta Shareholder Alert

A urgent update for investors of Marqeta, Inc. as the deadline looms for filing a lead plaintiff application in a securities class action lawsuit. ClaimsFiler, a service dedicated to helping shareholders, has announced that individuals who have suffered losses over $100,000 must act quickly, as applications are due by February 7, 2025. This announcement is particularly crucial for those who purchased Marqeta securities between August 7, 2024, and November 4, 2024.

Background of the Lawsuit

The lawsuit, known as Wai v. Marqeta, Inc., et al. and pending in the United States District Court for the Northern District of California, alleges that Marqeta and certain executives failed to disclose critical information that materially affected the company’s business outlook. Accusations against the company include:
1. Understating Regulatory Challenges: Investors assert that Marqeta downplayed significant regulatory issues that could impede its business prospects.
2. Guidance Cuts: It was revealed that the company was likely to adjust its earnings guidance for the fourth quarter of 2024, an indication of internal struggles.
3. False and Misleading Statements: The statements made by Marqeta during this period were claimed to lack a reasonable basis, creating an unjustified sense of security among shareholders.

As such, investors are urged to assess their legal options promptly. Marqeta has faced scrutiny for allegedly providing misleading information, thus impacting its stock performance and investor trust.

What Should Investors Do?

Affected investors are encouraged to visit ClaimsFiler’s website for guidance and to register for timely updates on their claims. Additionally, they can contact ClaimsFiler toll-free at (844) 367-9658 for more information on the class-action process. Legal assistance is also available from the law firm Kahn Swick & Foti, LLC, who are experienced in handling securities litigation and can provide free evaluations of potential cases.

About ClaimsFiler

ClaimsFiler is a free resource designed to help retail investors recover funds through various securities class action settlements. Investors can register on their platform to access vital information related to ongoing cases, ensuring they do not miss crucial filing deadlines. By uploading transaction data, they can also receive alerts about relevant securities litigation where they may have a claim.

For more details on this situation and other potential actions, investors are advised to keep abreast of developments in the case and explore the resources available via ClaimsFiler. It is essential for investors who believe they meet the criteria to act swiftly to maximize their chances of recovery in the upcoming lawsuit against Marqeta. Understand your rights and act before it's too late.