Glancy Prongay & Murray LLP Continues Its Probe into Marqeta, Inc. Over Investor Concerns

Glancy Prongay & Murray LLP's Ongoing Investigation into Marqeta, Inc.

Glancy Prongay & Murray LLP (GPM), a national leader in shareholder rights and securities litigation, is intensifying its investigation regarding Marqeta, Inc. (NASDAQ: MQ) due to potential breaches of federal securities laws. This ongoing inquiry comes on the heels of disappointing financial results released by Marqeta, which shocked many investors and led to a substantial decrease in the firm's stock price.

Background of Marqeta's Financial Fallout

On November 4, 2024, Marqeta disclosed financial results for the third quarter of 2024 that fell significantly short of market expectations, stirring concerns among stakeholders. Additionally, the company's guidance for the fourth quarter was likewise troubling. Marqeta cited various factors contributing to these results, notably escalating scrutiny within the banking sector and alterations in specific customer programs.

As a direct consequence of this news, Marqeta's stock plummeted by $2.53, representing a 42.5% decline, as it closed at $3.42 per share on November 5, 2024. This sharp decrease has alarmed investors who are now contemplating potential legal action to recover their financial losses.

How GPM Is Helping Affected Investors

Glancy Prongay & Murray LLP is encouraging anyone who sustained losses on their Marqeta holdings to explore their legal options. Interested parties may submit their contact details through GPM's dedicated case page for Marqeta at www.glancylaw.com/cases/Marqeta-Inc/. They can also reach out to Charles H. Linehan at GPM by calling 310-201-9150 or toll-free at 888-773-9224, or via email at [email protected] to discuss potential claims under federal securities laws.

Whistleblower Program and Related Information

Individuals possessing non-public information about Marqeta are urged to consider participating in the investigation or taking advantage of the SEC Whistleblower Program. This program offers a potential reward of up to 30 percent to whistleblowers who provide fresh information leading to a successful recovery by the Securities and Exchange Commission (SEC).

For more information regarding this opportunity, contact Charles H. Linehan through the previously mentioned phone numbers or email.

About Glancy Prongay & Murray LLP

GPM stands out as a top-tier law firm dedicated to representing investors and consumers in complex securities matters and class action litigation. Over the years, GPM has earned recognition for its effectiveness in handling securities class action settlements and has been consistently rated among the top law firms in this domain by ISS Securities Class Action Services.

The firm has achieved remarkable settlements across various cases, securing billions for investors in issues ranging from financial discrepancies to instances of corporate wrongdoing across numerous sectors including technology, healthcare, and energy.

As the legal landscape evolves, GPM remains committed to advocating for the rights of investors, ensuring they are well-informed about their legal standing and options. Frequent updates and information pertaining to ongoing legal matters are shared via GPM's social media platforms including LinkedIn, Twitter, and Facebook.

Conclusion

As Marqeta grapples with the impact of its recent announcements and the resultant investor concerns, GPM's inquiry serves as an important resource for affected stakeholders. By shedding light on potential legal remedies, the firm aims to empower investors in their quest for financial recovery.