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Faruqi & Faruqi Reminds Marex Group Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 8, 2025 - MRX
Globenewswire· 2025-10-16 15:46
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Marex Group plc due to allegations of securities law violations, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by December 8, 2025 [4][6]. Group 1: Allegations Against Marex - The complaint alleges that Marex and its executives made false and misleading statements and failed to disclose critical information, including the sale of over-the-counter financial instruments to itself and inconsistencies in financial statements [6]. - Specific allegations include a multi-year accounting scheme involving off-balance-sheet entities, fictitious transactions, and misleading disclosures to hide losses and inflate profits, with examples such as a $17 million fabricated receivable and nearly $1 billion in concealed derivatives exposure [7]. - Following the release of a report by NINGI Research, Marex's stock experienced a significant drop of 6.2%, closing at $35.31 on heavy trading volume [8]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased Marex securities between May 16, 2024, and August 5, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options [1][10]. - The role of lead plaintiff in the class action is designated to the investor with the largest financial interest who is typical of class members, with the option for any member to move the court to serve as lead plaintiff [9].
Marex Group Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuits Against Marex Group plc - MRX
Globenewswire· 2025-10-16 02:49
Core Viewpoint - Marex Group plc is facing a securities class action lawsuit for failing to disclose material information during the Class Period, which has led to significant allegations regarding its financial practices and disclosures [3][4]. Summary by Sections Lawsuit Details - Investors have until December 8, 2025, to file lead plaintiff applications in the class action lawsuit against Marex Group plc for securities purchased between May 16, 2024, and August 5, 2025 [1]. - The lawsuit is pending in the United States District Court for the Southern District of New York [1]. Allegations Against Marex - NINGI Research reported that Marex engaged in a multi-year accounting scheme involving opaque off-balance-sheet entities and fictitious transactions to conceal significant losses and inflate profits [4]. - Specific allegations include a $17 million receivable created without basis, a subsidiary's profit inflated by 150%, and a $14.9 million asset sold for $2.5 million shortly after, with no reported loss [4]. - The company is accused of concealing nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund, misclassifying structured note issuance as income to inflate operating cash flow [4]. Market Reaction - Following the allegations, Marex's share price fell by $2.33, or 6.2%, closing at $35.31 on August 5, 2025, with unusually heavy trading volume [5].
MRX INVESTORS: Kirby McInerney LLP Reminds Marex Group PLC Investors of Important Deadline in Class Action Lawsuit
Businesswire· 2025-10-16 00:00
Core Points - Marex Group PLC is facing a securities fraud class action lawsuit due to reported losses suffered by investors [1] - Investors have until December 8, 2025, to request the Court to appoint them as lead plaintiff in the case [1] Company Information - The company involved is Marex Group PLC, which trades on NASDAQ under the ticker MRX [1] - The law firm Kirby McInerney LLP is representing the investors in this case [1]
Deadline Approaching: Marex Group PLC (MRX) Shareholders Who Lost Money Urged to Contact Law Offices of Howard G. Smith
Businesswire· 2025-10-15 18:57
Core Viewpoint - Marex Group PLC is facing a class action lawsuit due to allegations of accounting fraud and misleading financial disclosures, with a deadline for investors to file a lead plaintiff motion by December 8, 2025 [1][5]. Summary by Sections Allegations and Findings - A report by NINGI Research on August 5, 2025, accused Marex of engaging in a multi-year accounting scheme involving off-balance-sheet entities, fictitious transactions, and misleading disclosures to hide losses and inflate profits [3]. - Specific allegations include a $17 million receivable created without basis, a subsidiary's profit inflated by 150% before liquidation, and a $14.9 million asset sold to Robinhood for only $2.5 million [3]. - The report also claimed Marex concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund, misclassifying structured note issuance as income to inflate cash flow [3]. Stock Market Reaction - Following the allegations, Marex's stock price dropped by $2.33, or 6.2%, closing at $35.31 per share on August 5, 2025, with unusually high trading volume [4]. Lawsuit Details - The class action lawsuit alleges that Marex made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the class period from May 16, 2024, to August 5, 2025 [5]. - Key points of the lawsuit include the sale of over-the-counter financial instruments to itself, inconsistencies in financial statements, and the unreliability of Marex's financial disclosures [5]. Participation Information - Investors who purchased Marex securities during the class period can file a motion to be appointed as lead plaintiff by the deadline of December 8, 2025 [6].
MRX SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Marex Group
Prnewswire· 2025-10-15 14:44
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Marex Group plc due to allegations of securities law violations, with a deadline for investors to seek lead plaintiff status by December 8, 2025 [1][3]. Group 1: Allegations Against Marex - The complaint alleges that Marex and its executives made false and misleading statements, including selling over-the-counter financial instruments to itself and inconsistencies in financial statements [3]. - A report from NINGI Research accused Marex of a multi-year accounting scheme involving off-balance-sheet entities and fictitious transactions, including a fabricated receivable of $17 million and nearly $1 billion in concealed derivatives exposure [4]. - Following the release of the report, Marex's stock experienced a significant drop of 6.2%, closing at $35.31 [5]. Group 2: Legal Proceedings - The lead plaintiff in the class action will be the investor with the largest financial interest who is adequate and typical of class members, with options for other members to participate or remain absent [6]. - Faruqi & Faruqi encourages anyone with information regarding Marex's conduct to come forward, including whistleblowers and former employees [6].
Marex announces share purchases by Directors and Officers
Globenewswire· 2025-10-15 12:15
Core Viewpoint - Marex Group plc has announced significant share purchases by its directors and officers, indicating strong confidence in the company's growth potential and future trajectory [1][4]. Share Purchases - CEO Ian Lowitt acquired 32,465 ordinary shares, increasing his total holdings to 2,615,016 shares [2]. - Chief Strategist Paolo Tonucci purchased 30,000 ordinary shares, raising his total to 1,108,342 shares [2]. - Non-Executive Chairman Robert Pickering bought 2,700 ordinary shares, bringing his total to 20,594 shares, while Board member Konstantin Graf von Schweinitz acquired 7,100 shares, increasing his holdings to 14,993 shares [3]. - Former Board members Sir Jeremy Isaacs and Roger Nagioff each purchased 35,000 ordinary shares [4]. Executive Confidence - The executive leadership team collectively owns over 7% of Marex, reflecting their confidence in the company's franchise and growth prospects [4].
Marex Group plc Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - MRX
Prnewswire· 2025-10-15 07:57
Core Viewpoint - A class action lawsuit has been filed against Marex Group plc for alleged violations of the Securities Exchange Act, claiming the company made false and misleading statements regarding its financial statements [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit is from May 16, 2024, to August 5, 2025, with a deadline for lead plaintiff appointments set for December 8, 2025 [2]. - The complaint alleges that Marex's financial statements were unreliable due to inconsistencies involving subsidiaries and related parties, rendering public statements materially misleading [2]. Group 2: Shareholder Participation - Shareholders who purchased shares during the specified class period are encouraged to contact the DJS Law Group for potential lead plaintiff appointments, although this is not a requirement for recovery [2][3]. - Once registered, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress at no cost [3]. Group 3: DJS Law Group's Role - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Marex Group Plc of Class Action Lawsuit and Upcoming Deadlines - MRX
Globenewswire· 2025-10-14 22:37
Core Viewpoint - A class action lawsuit has been filed against Marex Group Plc, alleging securities fraud and unlawful business practices [2][4]. Group 1: Lawsuit Details - The lawsuit involves claims that Marex and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors have until December 8, 2025, to request to be appointed as Lead Plaintiff if they purchased Marex securities during the Class Period [2]. Group 2: Financial Allegations - A report by NINGI Research accused Marex of engaging in a multi-year accounting scheme involving opaque off-balance-sheet entities and misleading disclosures to conceal losses and inflate profits [4]. - Following the release of the report, Marex's stock price dropped by $2.33 per share, or 6.19%, closing at $35.31 per share on August 5, 2025 [4]. Group 3: Legal Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for victims of securities fraud [5].
MAREX ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Marex Group PLC and Encourages Investors to Contact the Firm
Globenewswire· 2025-10-14 20:35
Core Viewpoint - A class action lawsuit has been filed against Marex Group PLC for allegedly making materially false and misleading statements regarding its business operations and financial statements during the specified class period [2][3]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of all individuals and entities who purchased Marex securities between May 16, 2024, and August 5, 2025 [2]. - Investors have until December 8, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The complaint alleges that Marex failed to disclose that it sold over-the-counter financial instruments to itself [3]. - It is claimed that there were inconsistencies in Marex's financial statements between its subsidiaries and related parties, particularly regarding intercompany receivables and loans [3]. - As a result of these issues, Marex's financial statements were deemed unreliable, and the positive statements made by the defendants about the company's business and prospects were misleading [3]. Group 3: Next Steps for Investors - Investors who purchased Marex shares and suffered losses are encouraged to contact the law firm for more information about their rights and potential claims [4].
Deadline Alert: Marex Group PLC (MRX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswire· 2025-10-14 17:56
Group 1 - The article highlights the upcoming deadline of December 8, 2025, for investors to file a lead plaintiff motion in a class action lawsuit related to Marex Group plc [1] - The class action is on behalf of investors who purchased or acquired Marex securities between May 16, 2024, and August 5, 2025, indicating a specific Class Period for the claims [1] - The notice encourages investors who suffered losses on their Marex investments to inquire about potentially pursuing claims to recover their losses [1]