MQ INVESTOR NOTICE: Marqeta, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - Marqeta, Inc. is facing a class action lawsuit for allegedly making misleading statements regarding its business outlook and regulatory challenges, leading to a significant reduction in its revenue guidance for Q4 2024 [3][4]. Group 1: Lawsuit Details - The class action lawsuit, titled Ford v. Marqeta, Inc., involves purchasers of Marqeta securities from May 7, 2024, to November 4, 2024, with a deadline of February 7, 2025, for lead plaintiff applications [1]. - The lawsuit claims that Marqeta and its executives violated the Securities Exchange Act of 1934 by failing to disclose regulatory challenges and subsequently cutting Q4 2024 guidance [3][4]. Group 2: Financial Impact - On November 4, 2024, Marqeta revised its Q4 2024 guidance to 10-12% net revenue growth and 13-15% gross profit growth, down from previous projections of 16-18% and 22-24%, respectively [4]. - Following the announcement of the revised guidance, Marqeta's stock price dropped by over 42% [4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Marqeta securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [5]. - The lead plaintiff can choose a law firm to represent the class, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5]. Group 4: Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6].