Philadelphia, PA–(Newsfile Corp. – January 12, 2025) – A securities class action lawsuit has been filed against MARQETA, INC. Marqueta (NASDAQ:)” or the “Company”) (NASDAQ:MQ). The lawsuit was filed on behalf of the purchasers of MARQETA securities between May 7, 2024 and November 4, 2024inclusive (the “Class Period”).
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Investors who purchased or acquired MARQUETA securities during the Class Period may, at the latest FEBRUARY 7, 2025are seeking to be named lead plaintiffs representing the class.
Headquartered in Oakland, California, Marqeta operates a cloud-based platform that allows businesses to issue and manage their own payment cards.
According to the lawsuit, throughout the Class Period, Marqeta and its principals violated the federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Marqeta underestimated the regulatory challenges affecting its business prospects; and (2) therefore, Marqeta is expected to lower its guidance for the fourth quarter of 2024.
For more information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.netOr CLICK HERE.
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead applicant is generally the investor or a small group of investors who have the greatest financial interest and who are also suitable and typical of the proposed investor class. The lead plaintiff selects an attorney to represent the lead plaintiff and the class and those attorneys, if approved by the court, are the lead attorneys or class counsel. Your ability to participate in any recovery, however, is not affected by whether you become lead plaintiff. There is no need to contact an attorney to participate or share in the recovery achieved in this case. Any member of the purported class may propose to the court to serve as lead plaintiff through an attorney of their choice, or may choose to do nothing and remain an inactive member of the class.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, DC, San Diego, San Francisco and Chicago, has been a pioneer in securities class actions since its founding in 1970. Berger Montague has represented individual investors and institutional for more than five years. decades and serves as lead attorney in courts across the United States.
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