MQ DEADLINE APPROACHING: BFA Law Notifies Marqeta, Inc. Investors to Contact the Firm before the Upcoming February 7 Class Action Deadline (NASDAQ:MQ)

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].