#United States #New York #Class Action #Gross Law Firm #Marqeta

Class Action Lawsuit Against Marqeta, Inc.

On January 23, 2025, The Gross Law Firm announced a class action lawsuit against Marqeta, Inc. (NASDAQ: MQ), focused on the rights of shareholders who acquired shares during a specified period. Shareholders who bought into MQ between May 7, 2024, and November 4, 2024, are being encouraged to reach out to the firm for potential lead plaintiff appointments. Notably, a lead plaintiff role is not a prerequisite for participating in any recovery from this lawsuit.

Background of the Case

The lawsuit comes amid allegations that Marqeta made materially false and misleading statements about its business outlook. It is asserted that the company did not fully disclose regulatory challenges affecting its operations, which led to a significant misrepresentation of its financial projections. Consequently, Marqeta was required to adjust its guidance for the fourth quarter of 2024, impacting its shareholders adversely. The core allegations of the complaint are:

1. Regulatory Oversight: Marqeta downplayed the regulatory hurdles that could impact its future business, misguiding investors' decisions.
2. Inaccurate Projections: Due to these undisclosed challenges, Marqeta’s reported earnings and forecasts were unreliable, leading to misleading public statements.
3. Consequential Impact: As a result of the aforementioned misrepresentations, shareholders experienced significant financial losses, exacerbating the need for recovery through legal avenues.

Important Dates and Deadlines

Shareholders are advised that the deadline to register for this class action is February 7, 2025. Those interested in joining the case must not delay in registering their information with The Gross Law Firm. By registering, shareholders will gain access to portfolio monitoring services that will keep them updated throughout the case’s progression.

Why Choose The Gross Law Firm?

The Gross Law Firm prides itself on its national recognition in handling class action lawsuits. It is dedicated to ensuring that the rights of investors are upheld, particularly those who may have fallen prey to misleading corporate practices. The firm emphasizes accountability among companies, advocating for transparent business practices that support good corporate citizenship. Collectively, they seek to recover losses incurred due to fraud, deceit, and other unethical business behaviors.

Contact and Registration

To potentially participate in the class action or simply seek more information, shareholders can contact The Gross Law Firm directly:

• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903

You can also register for the class action through their official site by submitting your loss information at the provided link.

Conclusion

The unfolding situation surrounding Marqeta, Inc. serves as a critical reminder of the necessity for transparency and accountability in public companies. For investors who feel misled, legal recourse through a class action suit presents a viable option to seek redress for their losses. Engage with The Gross Law Firm to understand your options and rights in the context of this significant lawsuit.