Marqeta(MQ) Prnewswire·2024-12-31 01:30Legal Action Overview - Securities class action lawsuits have been filed against Marqeta Inc in the United States District Court for the Northern District of California on behalf of investors who purchased or acquired Marqeta securities between May 7 2024 and November 4 2024 [4] - The lead plaintiff deadline for the class action is February 7 2025 [4] Allegations Against Marqeta - Defendants allegedly made materially false and/or misleading statements and failed to disclose material adverse facts about Marqeta's business operations and prospects during the Class Period [8] - Specific allegations include Marqeta understating regulatory challenges affecting its business outlook leading to a cut in its guidance for the fourth quarter of 2024 [8] - Defendants' statements about the company's business operations and prospects were allegedly materially false and misleading and/or lacked a reasonable basis at all relevant times [8] Lead Plaintiff Process - Marqeta investors may seek to be appointed as a lead plaintiff representative of the class no later than February 7 2025 [6] - The lead plaintiff is typically the investor or small group of investors with the largest financial interest who are also adequate and typical of the proposed class of investors [6] - The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys if approved by the court are lead or class counsel [6] Contact Information - Investors who suffered Marqeta losses are encouraged to contact Kessler Topaz Meltzer & Check LLP for more information [7] - Contact can be made through the provided link or by calling attorney Jonathan Naji Esq at (484) 270-1453 or by email at [email protected] [5]