Philadelphia, Pennsylvania– (Newsfile Corp. – January 12, 2025) – A securities class action lawsuit has been filed against MARQETA, INC. Margaret (NASDAQ:)” or the “Company”) (NASDAQ: MQ). The lawsuit was filed on behalf of MARQETA's securities customers between May 7, 2024 and November 4, 2024including (“Class Period”).
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Purchased or acquiring investors MARKET Deposits during the Class can be, without passing FEBRUARY 7, 2025seek appointment as the lead representative of the class plaintiff.
Headquartered in Oakland, CA, Marqeta operates a cloud-based platform that enables businesses to issue and manage their payment cards.
According to the lawsuit, throughout the Class Period, Marqeta and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Marqeta underestimated regulatory challenges affecting its business vision; and (2) as a result, Marqeta will have to lower its guidance for the fourth quarter of 2024.
For additional information or to learn how to participate in this case, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.netor CLICK HERE.
The lead plaintiff is the representative party acting on behalf of all class members in the management of the lawsuit. The lead plaintiff is usually an investor or a small group of investors who have a substantial financial interest and who are sufficient and similar to the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as lead plaintiff. Communicating with any advice does not require you to participate or share in any recovery achieved in this situation. Any proposed class member may proceed with the Court acting as lead plaintiff through counsel of his or her own choosing, or may choose to remain inactive and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, DC, San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. decades and serves as lead counsel in courts throughout the United States.
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