Levi & Korsinsky Alerts Marqeta Investors About Class Action Lawsuit Details and Deadline

Legal Alert: Class Action Against Marqeta, Inc.

Overview

On January 7, 2025, the law firm Levi & Korsinsky, LLP announced a notification directed towards investors of Marqeta, Inc., publicly traded as NASDAQ: MQ. This communication centered around a class action securities lawsuit that targets alleged fraud committed between May 7, 2024, and November 4, 2024.

Case Details

The legal complaint asserts that significant misleading statements were made by the defendants regarding Marqeta's business outlook. Notably, two main allegations were put forth: the company allegedly downplayed regulatory challenges that impacted its forecast and, as a result, will need to lower its guidance for the fourth quarter of 2024. Consequently, public statements made during this period are claimed to be substantially false or misleading.

Who Should Act?

Investors impacted within the specified timeframe are encouraged to take action promptly. There is a deadline of February 7, 2025, to petition the Court to appoint them as lead plaintiffs. However, it’s important to note that suffering a loss does not necessitate serving as a lead plaintiff to partake in any potential recovery from the lawsuit.

No Financial Risk

For affected class members, participation in this legal action incurs no out-of-pocket costs or fees. This initiative offers an opportunity for individuals who may have lost money as a result of the alleged securities fraud to seek compensation without financial burden.

Why Choose Levi & Korsinsky?

With two decades of experience, Levi & Korsinsky has a formidable reputation in handling complex securities litigation. The firm boasts a successful historical track record of recovering hundreds of millions of dollars for shareholders. With a dedicated team comprising over 70 professionals, they rank among the top securities litigation firms in the United States according to ISS Securities Class Action Services' Top 50 Report.

Contact Information

Investors wishing to receive more details and updates can directly connect with Levi & Korsinsky. The firm can be contacted via Joseph E. Levi at the email address provided or by telephone at (212) 363-7500.

Conclusion

In light of recent developments, Marqeta, Inc. and its investors face a crucial period as they navigate the implications of this class action lawsuit. Stakeholders are advised to stay informed and consider their options, particularly given the upcoming deadlines.