#United States #New York #Class Action #Marqeta #investors

Overview of the Class Action Lawsuit Against Marqeta, Inc.

Recently, Levi & Korsinsky, LLP announced a class action lawsuit against Marqeta, Inc. (NASDAQ: MQ), a company known for its innovative payment platform. This legal action is directed towards shareholders who are believed to have suffered losses due to alleged securities fraud occurring between May 7, 2024, and November 4, 2024. The firm is urging affected investors to be aware of the upcoming deadlines and the opportunity to recover damages.

What Are the Allegations?

The allegations revolve around statements made by Marqeta’s leadership during the stated timeframe. According to the filed complaint, it is alleged that the company made materially false representations regarding its business outlook. Specifically, the lawsuit claims that Marqeta:

1. Understated Regulatory Challenges: The company allegedly did not fully disclose the regulatory hurdles that could impact its operations, giving investors an overly optimistic view.
2. Adjusted Financial Guidance: As a consequence of these hidden challenges, it is claimed that Marqeta had to lower its guidance for the fourth quarter of 2024, leading to a drop in stock value.
3. Misleading Public Statements: The statements made by the defendants were purportedly misleading, which has affected shareholders negatively and contributed to financial losses.

Important Deadlines

For investors who believe they may have been affected, an important deadline is approaching. Shareholders have until February 7, 2025, to request to be appointed as a lead plaintiff in the lawsuit. Notably, participation in the recovery process does not necessitate serving as a lead plaintiff, thereby allowing more shareholders to be involved without any substantial legal obligations.

No Cost to Participate

One compelling aspect of this class action is that there are no costs or fees required from class members to potentially recover losses. The representation from Levi & Korsinsky operates on a 'no win, no fee' basis, which encourages investors to participate without the fear of incurring costs.

Why Choose Levi & Korsinsky?

With a reputable history of securing hundreds of millions for shareholders in similar cases, Levi & Korsinsky stands out as a seasoned firm in securities litigation. Over the past 20 years, they have built a strong track record of winning high-stakes lawsuits and have consistently been ranked among the top securities litigation firms in the United States by ISS Securities Class Action Services.

The firm is committed to helping investors navigate the complexities of the legal process and aims to maximize recovery for those impacted by the allegations against Marqeta.

How to Get More Information

Investors seeking more information on the class action can follow up by contacting Joseph E. Levi, Esq. directly at (212) 363-7500 or via email at emailprotected@zlk.com. A dedicated team is ready to assist affected shareholders and provide guidance through the application process.

Conclusion

The gravity of the allegations against Marqeta, Inc. highlights the importance of investor vigilance and the availability of legal recourse. If you have suffered losses during the specified timeframe, now is the time to act before the crucial deadline passes. If you or someone you know is affected, reach out to Levi & Korsinsky for assistance.

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This article aims to provide critical information regarding the class action lawsuit against Marqeta, emphasizing the timeline, legal implications, and avenues for involvement for impacted shareholders.