Core Viewpoint - A lawsuit has been filed against Marqeta, Inc. and its senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of California, captioned Wai v. Marqeta, Inc., et al., No. 24-cv-8874 [2]. - Investors have until February 7, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Marqeta is a financial technology company that provides a card issuing platform, allowing businesses to create and manage customized payment cards [3]. - The company claimed to attract and retain customers while achieving operational efficiencies due to investments in its compliance infrastructure [3]. Group 3: Allegations - It is alleged that Marqeta faced longer customer onboarding timelines due to increased regulatory scrutiny and insufficient investments in its compliance apparatus at the time of its statements [4]. Group 4: Stock Performance - Following the disclosure of increased regulatory scrutiny and a cut in the full year 2025 growth outlook on November 4, 2024, Marqeta's stock price fell over 42%, from $5.95 per share to $3.42 per share [5].

Core Viewpoint - A class action lawsuit has been filed against Marqeta, Inc. concerning allegations of securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves Marqeta and certain officers and/or directors, with a deadline of February 7, 2025, for shareholders to apply as Lead Plaintiff [2]. - Investors are encouraged to contact Pomerantz LLP for more information regarding the lawsuit [1]. Group 2: Financial Performance - On November 4, 2024, Marqeta reported weaker-than-expected financial results for Q3 2024 and provided a fourth quarter guidance that indicated changes due to increased scrutiny in the banking environment [3]. - Following the announcement, Marqeta's stock price dropped by $2.53, or 42.52%, closing at $3.42 per share on November 5, 2024 [3].

Core Points - A securities class action lawsuit has been filed against Marqeta, Inc. alleging that the company made materially false and/or misleading statements regarding its business outlook and regulatory challenges [1] - The lawsuit claims that Marqeta understated the regulatory challenges affecting its business and that it would need to cut its guidance for the fourth quarter of 2024 as a result [1] Legal Context - Investors who purchased shares of Marqeta between May 7, 2024, and November 4, 2024, and experienced significant losses are encouraged to discuss their legal rights [2] - The deadline to request appointment as lead plaintiff in the case is February 7, 2025 [3]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Marqeta, Inc. securities between May 7, 2024, and November 4, 2024, of the February 7, 2025, deadline to become a lead plaintiff in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Marqeta securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lawsuit alleges that Marqeta made materially false and misleading statements regarding regulatory challenges and its business outlook, leading to a need to cut guidance for Q4 2024 [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4].

Core Viewpoint - A class action lawsuit has been filed against Marqeta, Inc. for alleged violations of federal securities laws, specifically related to misleading statements regarding regulatory challenges and a subsequent reduction in business outlook guidance [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to shareholders who purchased Marqeta's securities between August 7, 2024, and November 4, 2024, encouraging affected investors to contact the law firm before February 7, 2025 [1]. - Marqeta allegedly failed to disclose regulatory challenges that negatively impacted its business outlook, leading to a cut in its guidance for the fourth quarter of 2024 [2]. Group 2: Law Firm Profile - DJS Law Group specializes in enhancing investor returns through balanced counseling and aggressive advocacy, focusing on securities class actions and corporate governance litigation [3]. - The firm represents some of the largest hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [3].

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Marqeta, Inc. ("Marqeta" or the "Company") (NASDAQ: MQ) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Marqeta investors who were adversely affected by alleged securities fraud between May 7, 2024 and November 4, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/marqeta-inc-lawsuit-submission-form?prid=1 ...

NEW YORK, Feb. 02, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Marqeta, Inc. (NASDAQ: MQ) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Marqeta, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/marqeta-inc. Investors have until February 7, 2025, to ask the Court to be appointed to lead the c ...

NEW YORK, Jan. 31, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Marqeta, Inc. (NASDAQ: MQ) between May 7, 2024 and November 4, 2024, both dates inclusive (the "Class Period"), of the important February 7, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.So what: If you purchased Marqeta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs ...

RADNOR, Pa., Jan. 31, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that securities class action lawsuits have been filed in the United States District Court for the Northern District of California against Marqeta, Inc. ("Marqeta") (NASDAQ: MQ) on behalf of those who purchased or otherwise acquired Marqeta securities between May 7, 2024, and November 4, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is February 7, 2025.CONTACT KE ...

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Marqeta, Inc. (NASDAQ: MQ) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Marqeta, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/marqeta-inc. Investors have until February 7, 2025, to ask the Court to be appointed to lead the c ...