#United States #New York #Class Action #The Gross Law Firm #Inc. #Marqeta

Seeking Justice for Marqeta, Inc. Investors

Marqeta, Inc., a company traded on NASDAQ under the ticker symbol MQ, has recently been at the center of controversy regarding its business practices and performance forecasts. In light of recent allegations that the organization has misrepresented information to its investors, a class action lawsuit has been initiated, inviting shareholders who acquired stock between May 7, 2024, and November 4, 2024, to join the legal action.

Allegations Against Marqeta, Inc.

The core of the complaint asserts that during the specified class period, Marqeta issued statements that were not only misleading but also materially false. These allegations include:
1. Understating Regulatory Challenges: The company reportedly downplayed the regulatory hurdles that were adversely impacting its business outlook. This oversight created an illusion of stability and growth which did not align with the actual circumstances.
2. Guidance Cuts and Investor Impacts: As evidence of the misrepresentation came to light, it was revealed that Marqeta would indeed have to adjust its earnings guidance for the fourth quarter of 2024. The anticipated downward revision further emphasizes the disconnect between the firm’s statements and its performance.
3. Material Omissions: The complaint highlights how essential information regarding the challenges Marqeta faced was omitted in public disclosures, which contributed to an inflated stock value deceiving investors.

Important Dates for Investors

Shareholders are encouraged not to delay in registering for the class action. The deadline to register to be considered as a lead plaintiff is February 7, 2025. It's important to note that registering as a lead plaintiff is optional for participation in the recovery process. By registering, investors will gain access to a portfolio monitoring service providing updates on the progress of the case.

Why Join the Class Action?

The Gross Law Firm, a well-known advocate for investor rights, is leading this class action lawsuit. Their commitment to protecting investors who have faced losses due to corporate deceit and unlawful practices is evident from their track record. Some key points in favor of joining this action include:

• - No Upfront Costs: Participation in this case comes at no cost to investors. They can claim any recovery without spending money upfront.
• - Ongoing Support: Once enrolled, investors will receive continuous updates about the status of the case and any relevant developments.
• - A Chance to Recover Losses: This lawsuit provides shareholders an opportunity to recover losses incurred due to Marqeta's allegedly deceptive practices.

Conclusion

For those who have invested in Marqeta during the impacted time frame, now is the time to take action. The Gross Law Firm is prepared to assist investors in navigating this complex situation, standing firm against companies that engage in misleading practices. By coming together in this class action suit, shareholders can hold Marqeta accountable and fight for their rights in the investment landscape. Interested parties are encouraged to register soon to ensure their voice is heard in this significant legal endeavor.

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For more information, shareholders can contact the Gross Law Firm directly at their offices:

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

Don’t miss your opportunity to seek justice and recovery for your investments with Marqeta, Inc.!