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Marqeta Shareholder Alert

In recent developments regarding Marqeta, Inc. (Ticker: MQ), ClaimsFiler, a shareholder information service, has issued an alert for investors. Those who incurred losses exceeding $100,000 while owning Marqeta's securities have until February 7, 2025, to apply as lead plaintiffs in a class action lawsuit.

Background on the Lawsuit

The class action pertains to transactions made between August 7, 2024, and November 4, 2024. During this period, it is alleged that Marqeta and certain executives failed to disclose crucial information that affected the company's outlook. The lawsuit highlights allegations that the management misrepresented the challenges faced by the company, thereby misleading investors.

Specific claims include:
1. Understatement of the regulatory hurdles influencing Marqeta's business prospects.
2. The likelihood of having to revise the earnings guidance for the fourth quarter of 2024.
3. Overall, the statements made by Marqeta's management were claimed to be materially false, misleading, or lacked a reasonable basis.

This lawsuit is currently being pursued in the United States District Court for the Northern District of California, designated as Wai v. Marqeta, Inc., et al., No. 24-cv-08874.

What Investors Should Do

For those affected, ClaimsFiler provides a resourceful platform. By visiting ClaimsFiler.com, investors can register at no cost, gaining access to vital information regarding the lawsuit and related securities cases that may impact their financial interests. Additionally, investors can upload their transaction data to stay informed about pertinent legal matters.

If investors have further questions or need assistance, it's advisable to reach out to Kahn Swick & Foti, LLC, the law firm representing the class action. They can offer free evaluations of individual cases and guide investors on their legal options during this critical time.

ClaimsFiler's Mission

ClaimsFiler is dedicated to empowering retail investors across the financial landscape, focusing on their rights in securities settlements. Their goal is to facilitate the recovery of investor funds, typically much forgotten in the broader legal realm surrounding class actions. Their educational resources and transparent interface make it easier for shareholders to navigate often-complex legal battles.

This alert serves as a wake-up call for investors engaged with Marqeta, especially as the February deadline approaches. Whether directly involved or just monitoring, staying informed can significantly impact potential recoveries in the event of settlement outcomes.

For ongoing updates and comprehensive insights, investors are encouraged to utilize ClaimsFiler's offerings effectively. Staying proactive can make a difference amidst the uncertainties of stock market investments.