Investors Urged to Join Class Action Suit Against Marqeta, Inc. (MQ) by February 7, 2025

Investors Alert: Join the Class Action Against Marqeta, Inc. (MQ)

Levi & Korsinsky LLP, a law firm renowned for its expertise in investor rights, has issued a public notice urging shareholders of Marqeta, Inc. (NASDAQ: MQ) to participate in a class action lawsuit. This legal action is a response to alleged securities fraud that took place between May 7, 2024, and November 4, 2024. The law firm seeks to represent the interests of those investors who suffered financial losses due to misleading statements made by the company during this period.

Legal Background and Allegations

The core of the lawsuit revolves around claims that Marqeta concealed crucial information that significantly impacted its operational guidelines and forecasts. The allegations suggest that the company underestimated and downplayed regulatory challenges threatening its business outlook. Consequently, these omissions led to a drastic revision in the company’s financial guidance for Q4 of 2024. Investors were left in the dark regarding the true state of Marqeta's financial health, which the firm argues constitutes a breach of trust and transparency.

What to Do If Affected

Investors who believe they may be entitled to compensation must act swiftly. Levi & Korsinsky LLP has set February 7, 2025, as the deadline for individuals to request the Court to appoint them as lead plaintiffs. However, it is crucial to note that even if one does not take on the lead role, they may still be eligible for any potential recovery from the case.

No Financial Burden on Class Members

One of the most appealing aspects of this class action is that plaintiffs will not incur any out-of-pocket expenses. Levi & Korsinsky assures participants that legal fees or other costs will not be a barrier to joining the lawsuit, reinforcing their commitment to advocate for disgruntled shareholders with no initial financial burden.

Why Levi & Korsinsky?

With over two decades of experience, Levi & Korsinsky has built a substantial track record in securing recoveries for shareholders facing investment losses due to corporate misconduct. Their team, comprising more than 70 legal experts, has been consistently recognized in the ISS Securities Class Action Services' Top 50 Report as one of the preeminent securities litigation firms in the United States. Their commitment to defending investors' rights and achieving favorable outcomes is well documented.

Next Steps for Marqeta Investors

If you have suffered losses due to your investment in Marqeta during the specified timeframe and want to participate in this class action, you can sign up through the provided link in the notice, which leads to a submission form. Alternatively, interested parties can directly contact Joseph E. Levi, Esq. at the law firm via email or phone for further details about the lawsuit.

This class action could serve as a critical avenue for recovery for investors adversely affected by the alleged wrongdoing. Shareholders are strongly encouraged to stay informed and take appropriate action by the stipulated deadline to ensure their rights are protected.

By actively engaging with this lawsuit, Marqeta investors can contribute to holding corporations accountable for their disclosures, ultimately supporting the integrity of the financial markets.