Class Action Lawsuit Filed Against Marqeta, Inc. for Securities Violations

NEW YORK, Jan. 05, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a well-known law firm, has informed investors that a class action lawsuit has been initiated against Marqeta, Inc. ("Marqeta" or "the Company") which is publicly traded under the ticker MQ, along with certain officers of the company.

Class Definition

The purpose of this lawsuit is to seek compensation for damages against the Defendants as a result of alleged breaches of federal securities laws. This action is filed on behalf of all individuals and entities that purchased or acquired Marqeta securities between August 7, 2024, and November 4, 2024, which is referred to as the "Class Period." Investors who fall within this timeframe are urged to participate in the case by visiting the law firm’s website.

Case Details

The complaint outlines that during the Class Period, the Defendants reportedly made false or misleading public statements and failed to disclose critical information. Specifically, it is alleged that: (1) Marqeta underestimated the regulatory challenges that were impacting its business forecasts; (2) Marqeta would need to reduce its guidance for the fourth quarter of 2024 as a result of these challenges; and (3) public statements made by the defendants were materially misleading. When the true circumstances came to light, the lawsuit claims that affected investors incurred substantial losses.

What's Next?

A class action lawsuit has already been submitted. For those interested in reviewing the Complaint, it is accessible on the law firm’s website. Investors may also reach out to Peretz Bronstein, Esq. or Client Relations Manager Nathan Miller at Bronstein, Gewirtz & Grossman, LLC via phone for more information. If you have experienced a loss in Marqeta, the deadline to request the Court to appoint you as lead plaintiff is February 7, 2025. It is important to note that your eligibility to share in any potential recovery does not necessitate serving as the lead plaintiff.

There is No Cost to You

This firm represents investors in class action lawsuits on a contingency fee basis. This means that legal fees and out-of-pocket expenses will only be claimed if there is a successful recovery from the court.

Why Choose Bronstein, Gewirtz & Grossman?

Bronstein, Gewirtz & Grossman, LLC is a reputable law firm specializing in representing investors involved in securities fraud class actions and shareholder derivative lawsuits. The firm has successfully recovered hundreds of millions of dollars for investors around the country.

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Contact

For inquiries, contact Bronstein, Gewirtz & Grossman, LLC at:

Peretz Bronstein or Nathan Miller
Phone: 332-239-2660
Email: [email protected]

lawsuit, Marqeta, investors