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

Class Action Lawsuit Filed Against Marqeta, Inc.

Levi & Korsinsky, LLP has officially initiated a class action lawsuit on behalf of Marqeta, Inc. ('Marqeta' or the 'Company') investors. This lawsuit, filed under NASDAQ ticker MQ, aims to address allegations of securities fraud that have reportedly impacted shareholders significantly. The lawsuit highlights the period between May 7, 2024, and November 4, 2024, during which investors are claimed to have suffered losses due to misleading statements made by the company.

Allegations of Misconduct

According to the complaint, Marqeta is accused of providing false information and concealing critical issues that undermined its business outlook. Allegedly, the company underestimated the regulatory hurdles it would encounter, which were not disclosed to investors. Consequently, it was expected that Marqeta would have to dramatically revise its fourth-quarter guidance for 2024, further exacerbating concerns about its financial health and growth trajectory. The firm’s public statements thus are viewed as misleading throughout the entire relevant timeframe.

Important Details for Investors

Investors who experienced financial losses due to their investments in Marqeta during the specified period have until February 7, 2025, to take decisive action. Those interested can request to be appointed as lead plaintiffs in the case. However, it is also noted that participation in any recovery does not necessitate serving as a lead plaintiff, allowing for broader inclusion among class members.

Compensation Without Costs

Perhaps one of the more compelling aspects for affected investors is that pursuing this class action lawsuit comes at no personal expense. Members of the class may potentially secure compensation without incurring any legal fees or out-of-pocket costs. Levi & Korsinsky emphasizes that there is no obligation or financial burden to take part in this lawsuit, making it an accessible option for many shareholders.

Levi & Korsinsky’s Track Record

Over two decades of experience in securities litigation has equipped Levi & Korsinsky with a robust understanding of shareholder rights. The firm boasts a notable track record of securing significant settlements for aggrieved investors while consistently ranking among the nation's top securities litigation firms. Their dedication to investor protection is evident through their success, with clients including individual shareholders and institutional investors alike.

The firm operates with a dedicated team of over 70 professionals, ensuring that each case is handled with the utmost expertise. Given their history and commitment, many investors may find confidence in taking part in this lawsuit, hoping to see positive outcomes from the proceedings.

Contact Information

For Marqeta investors looking for more specific information regarding this case, Levi & Korsinsky has provided a direct link through which individuals can engage with their legal team. Investors are encouraged to visit this link to learn more about their potential eligibility and the process involved. Furthermore, Joseph E. Levi, Esq., and Ed Korsinsky, Esq. are available for queries via email at [email protected] or by calling (212) 363-7500.

In summary, this class action lawsuit represents an important step for Marqeta, Inc. shareholders who believe they have been wronged and are seeking accountability. Those affected now have a clear path to potentially recover their losses while also reinforcing the significance of corporate transparency and shareholder rights.