Philadelphia, Pennsylvania–(Newsfile Corp. – January 12, 2025) – A securities class action lawsuit has been filed against MARQETA, INC. (“ Marqeta (NASDAQ:)” or the “Company”) (NASDAQ: MQ). The lawsuit has been filed on behalf of purchasers of MARQETA securities among May 7, 2024 and November 4, 2024inclusive (the “Class Period”).
CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT.
Investors who bought or acquired MARQUET securities during the Class Period may, at the latest FEBRUARY 7, 2025seeks to be appointed as lead plaintiff class representative.
Marqeta, based in Oakland, California, 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 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 outlook commercial; and (2) as a result, Marqeta would have to reduce its guidance for the fourth quarter of 2024.
For additional 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.neteither CLICK HERE.
A lead plaintiff is a representative party acting on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or a small group of investors who have the greatest financial interest and who are also suitable and typical of 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. However, your ability to participate in any recovery is not affected by the decision whether or not to serve as lead plaintiff. It is not necessary to contact an attorney to participate or share the recovery achieved in this case. Any member of the purported class may ask the Court to serve as lead plaintiff through counsel of his or her choice, or may choose to do nothing 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. Berger Montague has represented individual and institutional investors for more than five years. decades and serves as lead counsel in courts throughout the United States.
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