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MRX SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Announces that Marex Group Investors Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-11-09 13:28
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 [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 having inconsistencies in financial statements [3]. - 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 [4]. - Following the release of a damaging report, Marex's stock dropped by 6.2%, closing at $35.31 on heavy trading volume [5]. Group 2: Legal Proceedings and Investor Actions - The lead plaintiff in the class action is the investor with the largest financial interest who directs the litigation on behalf of the class, with options for other members to either participate or remain absent [6]. - Faruqi & Faruqi encourages anyone with information regarding Marex's conduct, including whistleblowers and former employees, to come forward [7].
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Marex Group plc Investors to Secure Counsel Before Important Deadline in Securities Class Action - MRX
Newsfile· 2025-11-08 00:24
Core Viewpoint - Rosen Law Firm is encouraging investors of Marex Group plc to secure legal counsel before the December 8, 2025 deadline for a class action lawsuit related to securities purchased between May 16, 2024, and August 5, 2025 [2][3]. Group 1: Class Action Details - Investors who purchased Marex securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3]. - A class action lawsuit has already been filed, and potential lead plaintiffs must act by December 8, 2025 [4]. - The lawsuit alleges that Marex made materially false and misleading statements and failed to disclose critical information regarding its financial practices, leading to investor damages when the truth emerged [6]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [5]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [5]. - In 2019, the firm secured over $438 million for investors, showcasing its capability and experience in handling such cases [5].
ROSEN, A LEADING AND RANKED FIRM, Encourages Marex Group plc Investors to Secure Counsel Before Important Deadline in Securities Class Action – MRX
Globenewswire· 2025-11-07 21:49
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Marex Group plc during the specified Class Period of the upcoming lead plaintiff deadline on December 8, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Marex securities between May 16, 2024, and August 5, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the December 8, 2025 deadline [2]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions for investors [3]. - The firm has been recognized for its leadership in securities class action settlements, achieving significant recoveries in previous years, including over $438 million in 2019 [3]. Group 3: Case Allegations - The lawsuit alleges that Marex made materially false and misleading statements, including selling over-the-counter financial instruments to itself and inconsistencies in financial statements between subsidiaries [4]. - As a result of these actions, Marex's financial statements were deemed unreliable, leading to misleading positive statements about the company's business and operations [4].
Marex Group plc Sued for Securities Law Violations - Contact Levi & Korsinsky Before December 8, 2025 to Discuss Your Rights - MRX
Prnewswire· 2025-11-07 21:00
Core Viewpoint - A class action securities lawsuit has been filed against Marex Group plc, alleging securities fraud that affected investors between May 16, 2024, and August 5, 2025 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Marex Group plc made false statements and concealed information regarding the improper inflation of its cash flow, revenues, assets, and profits in its Market Making segment through off-book intercompany transactions [2]. - As a result of these actions, the positive statements made by the defendants about the Company's business, operations, and prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified time frame have until December 8, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Marex Group plc Investors to Secure Counsel Before Important Deadline in Securities Class Action - MRX
Newsfile· 2025-11-07 00:19
Core Viewpoint - Rosen Law Firm is encouraging investors of Marex Group plc to secure legal counsel before the December 8, 2025 deadline for a class action lawsuit related to securities purchased between May 16, 2024, and August 5, 2025 [2][3]. Group 1: Class Action Details - Investors who purchased Marex securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3]. - A class action lawsuit has already been filed, and potential lead plaintiffs must act by December 8, 2025 [4]. - The lawsuit alleges that Marex made materially false and misleading statements and failed to disclose critical information regarding its financial practices, leading to investor damages when the truth was revealed [6]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions for investors [5]. - The firm achieved the largest securities class action settlement against a Chinese company at the time and has been consistently ranked among the top firms for securities class action settlements since 2013 [5].
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Marex Group
Businesswire· 2025-11-06 16:36
Core Viewpoint - Marex Group plc is under investigation by Faruqi & Faruqi, LLP for potential claims related to allegations made in a report by NINGI Research released on August 5, 2025 [1] Group 1 - Faruqi & Faruqi, LLP is a prominent national securities law firm with a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [1] - The investigation pertains to claims against Marex Group plc, which is listed on NASDAQ under the ticker MRX [1]
Marex Group plc(MRX) - 2025 Q3 - Earnings Call Transcript
2025-11-06 15:00
Financial Data and Key Metrics Changes - The company reported an adjusted profit before tax of $303 million for the first nine months of 2025, up 26% year-on-year, with Q3 profit at $101 million, a 25% increase year-on-year [4][14] - Q3 revenues grew 24% to $485 million, while revenues for the first nine months increased by 23% to $1.45 billion, with margins expanding to 20.9% [9][14] - Adjusted basic EPS for Q3 was $1.01 per share, up 23% year-on-year [15] Business Line Data and Key Metrics Changes - The clearing segment grew 14% year-on-year, driven by record client balances and higher volumes, with adjusted profit before tax margins slightly declining to 50% due to regional expansion investments [16] - Agency and Execution revenues increased by 52%, with securities revenue up 82%, primarily driven by Prime Services [16][19] - Market making revenues declined by 16% due to challenging market conditions, particularly in metals and agriculture [18] Market Data and Key Metrics Changes - Exchange volumes were down 8% year-on-year and 14% lower than in Q2, with volatility at its lowest level in the past year [10] - Despite lower exchange volumes, the company maintained strong performance in clearing and agency execution, demonstrating the value of its diversified model [14][19] Company Strategy and Development Direction - The company aims to deliver sustainable profit growth in the 10%-20% range, with 10% expected to be organic and 40% from inorganic opportunities [25] - The firm is focused on diversifying its business mix to enhance earnings resilience, with prime services now accounting for nearly a quarter of total profits [12] - The company has an attractive M&A pipeline and recently announced the acquisition of Winterflood, expected to transform its UK equity market-making business [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fourth quarter, noting strong performance across all business lines and record levels in the solutions franchise [29][30] - The company remains mindful of headwinds such as rate reductions and lower exchange volumes but believes its diversified business model will continue to perform strongly [25][26] - The firm is well-positioned to capture opportunities in emerging markets, including crypto and stablecoin services [41][78] Other Important Information - The company announced a quarterly dividend of $0.15 per share for Q3 2025, to be paid on December 3rd [23] - Total assets increased to $33 billion at the end of September, driven by growth in client balances and securities [22] Q&A Session Summary Question: Insights on the fourth quarter performance - Management noted strength across all business lines, with October being a record month, indicating expectations for a record quarter in Q4 [29][30] Question: Client pipeline in Clearing and Prime - The company is seeing a mix of small and large client additions, with strong interest from sophisticated players looking to diversify their clearing [32][34] Question: Exposure to crypto and future opportunities - The company has built capabilities for clearing crypto futures and is exploring a comprehensive set of services in the crypto space, including prime brokerage for crypto [39][41] Question: Competitive environment and dealer behavior - Management observed active involvement from banks seeking to access market liquidity, with no significant changes in competition for clearing mandates [64][66] Question: M&A pipeline for 2026 - The company anticipates a very active M&A year in 2026, benefiting from strong interest from firms wanting to join the Marex organization [70]
Marex Group PLC (MRX) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2025-11-06 14:15
Core Insights - Marex Group PLC reported quarterly earnings of $0.96 per share, exceeding the Zacks Consensus Estimate of $0.92 per share, and showing an increase from $0.76 per share a year ago, resulting in an earnings surprise of +4.35% [1] - The company achieved revenues of $484.6 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.96% and up from $391.2 million year-over-year [2] - Marex Group PLC has consistently surpassed consensus EPS estimates over the last four quarters [2] Earnings Performance - The earnings surprise for the previous quarter was +10.87%, with actual earnings of $1.02 per share compared to an expected $0.92 [1] - The current consensus EPS estimate for the upcoming quarter is $0.89, with projected revenues of $496 million, and for the current fiscal year, the estimate is $3.82 on $1.95 billion in revenues [7] Market Position - Marex Group PLC shares have underperformed the market, losing about 1.8% since the beginning of the year, while the S&P 500 has gained 15.6% [3] - The company currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Marex Group PLC belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Marex Group plc(MRX) - 2025 Q3 - Earnings Call Presentation
2025-11-06 14:00
Diversified Resilient Dynamic Third quarter 2025 results November 6, 2025 Primary Colors Disclaimer Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including expected financial results and profit growth, acquisitions, future rates of federal funds and expec ...
The Gross Law Firm Reminds Marex Group plc Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 8, 2025 - MRX
Prnewswire· 2025-11-06 13:45
Group 1 - The Gross Law Firm has issued a notice to shareholders of Marex Group plc regarding a class action lawsuit due to allegations of false statements and concealment of improper financial practices [1][2] - The class period for the lawsuit is from May 16, 2024, to August 5, 2025, during which the company allegedly inflated its cash flow and revenues through off-book intercompany transactions [1][2] - Shareholders are encouraged to register for the class action by December 8, 2025, to potentially become lead plaintiffs and participate in recovery efforts [2][3] Group 2 - The Gross Law Firm is recognized for protecting investors' rights against deceit and fraud, emphasizing the importance of responsible business practices [3] - The firm aims to recover losses for investors affected by misleading statements that led to artificial inflation of stock prices [3] - The firm provides portfolio monitoring software for registered shareholders to keep them updated on the case's progress [2]