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Berger Montague PC Investigating Claims on Behalf of Marex Group plc (NASDAQ: MRX) Investors After Class Action Filing
Prnewswireยท 2025-10-13 12:36
Core Viewpoint - A class action lawsuit has been filed against Marex Group plc, alleging significant accounting irregularities and misleading disclosures that resulted in inflated profits and concealed losses during the period from May 16, 2024, to August 5, 2025 [1][3]. Summary by Sections Lawsuit Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who purchased Marex shares during the specified class period [1][2]. - Investors have until December 8, 2025, to seek appointment as lead plaintiff representatives [2]. Allegations - A report by NINGI Research on August 5, 2025, claims that Marex engaged in a multi-year accounting scheme involving off-balance-sheet entities and fictitious transactions [3]. - The report highlights discrepancies in intercompany receivables and loans, including a fabricated $17 million receivable and a subsidiary's profits inflated by 150% before liquidation [4]. Financial Impact - Following the report's release, Marex's stock price dropped by $2.33, or 6.2%, closing at $35.31, indicating significant investor losses [5].