Levi & Korsinsky Announces Class Action Lawsuit for Marqeta, Inc. in Securities Fraud Case

Levi & Korsinsky Initiates Class Action on Behalf of Marqeta, Inc. Investors

Levi & Korsinsky, LLP, a prominent law firm specializing in securities class actions, has announced the filing of a class action lawsuit on behalf of shareholders of Marqeta, Inc. (NASDAQ: MQ). This legal action comes in response to alleged fraud affecting investors during a specific timeline from May 7, 2024, to November 4, 2024.

Class Action Details

The lawsuit aims to recover losses for investors who experienced financial harm resulting from what is alleged to be a securities fraud scheme. Marqeta, a technology-driven payment processing platform, reportedly misled stakeholders about its business circumstances, leading to significant misinformed investment decisions.

According to the complaint, the firm’s defendants allegedly made misleading statements and omitted critical information regarding regulatory challenges impacting Marqeta's overall business outlook. This negligence or intentional misconduct purportedly led to the company needing to revise its financial guidance downwards for the fourth quarter of 2024.

Important Dates and Participation

Investors who suffered losses during the specified period must act swiftly, as February 7, 2025, is the deadline for requesting to be appointed as a lead plaintiff in the class action case. Fortunately, participation in the suit does not require the designation of lead plaintiff to receive any compensation from potential settlements or court decisions.

No Initial Costs for Investors

For class members, engaging with this legal case comes with no requirement of paying out-of-pocket expenses or legal fees to ensure their participation. This model allows investors with viable claims to seek redress without fearing additional financial burdens.

Levi & Korsinsky has a solid history of successfully representing aggrieved shareholders and has recovered hundreds of millions of dollars in past securities litigation. The firm's commitment to protecting investor rights and its reputation of excellence in court make it a trusted partner for those involved in this legal undertaking. They have been recognized consistently for their expertise in high-stakes cases concerning securities.

How to Get Involved

Affected investors are encouraged to reach out for further assistance or clarification regarding the lawsuit. They can visit the dedicated website or contact Joseph E. Levi, Esq. directly at (212) 363-7500 or via email at email protected] for more information. Detailed information about the case can also be accessed through the following link: [Marqeta Inc. Lawsuit Submission Form.

In conclusion, this class action lawsuit initiated by Levi & Korsinsky represents an essential opportunity for Marqeta investors to potentially recover from alleged deceitful practices that misled them during a critical period. By standing together, shareholders may achieve a favorable outcome, ensuring accountability and transparency from Marqeta's management and its business operations.

Reference Contacts

For those who would like to learn more about the firm’s litigation services or this specific case, additional information is readily available from Levi & Korsinsky, LLP, located at 33 Whitehall Street, 17th Floor, New York, NY 10004. The firm's longstanding dedication to protecting investor interests places them at the forefront of securities law.