Kessler Topaz Meltzer & Check, LLP Alerts Marqeta Investors About Class Action Lawsuits

RADNOR, Pa., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP has issued an alert to investors regarding the initiation of securities class action lawsuits against Marqeta, Inc. (NASDAQ: MQ). These lawsuits have been filed in the United States District Court for the Northern District of California, aimed at investors who purchased or acquired Marqeta securities between May 7, 2024, and November 4, 2024, which is referred to as the "Class Period". The deadline for appointing a lead plaintiff in this case is February 7, 2025.

If you are an investor looking for more information, you can reach out to attorney Jonathan Naji, Esq. by calling (484) 270-1453 or email at [email protected].

Allegations Against Marqeta

The complaints against Marqeta assert that during the Class Period, the company made several materially false and misleading statements. Moreover, they failed to disclose critical negative information related to their business operations and future prospects. Specifically, the allegations indicate that: (1) Marqeta downplayed the regulatory challenges that would impact its outlook, (2) as a consequence, the company would have to lower its guidance for the fourth quarter of 2024, and (3) the statements made by the Defendants regarding the company’s business, operations, and future outlook were misleading and lacked a reasonable basis throughout the given timeframe.

Lead Plaintiff Process for Investors

Investors who held Marqeta shares during the specified period may seek to be a lead plaintiff. Interested parties must act by February 7, 2025,. By taking this step, they can represent the class of investors, guide the litigation process, and potentially recover losses incurred. The lead plaintiff is typically the person or small group of individuals with the largest financial interest and who are representative of the larger investor class.

Those who choose not to pursue the lead plaintiff role can remain as absent class members without affecting their rights to any potential recovery.

Kessler Topaz Meltzer & Check, LLP encourages anyone who has experienced significant losses due to their investment in Marqeta to get in touch with the firm to learn more about their rights and options.

CLICK HERE TO SIGN UP FOR THE CASE.

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP is a law firm that specializes in prosecuting class actions across both state and federal courts in the United States and internationally. The firm has gained a strong reputation for its commitment to protecting investors, consumers, and employees from fraud and misconduct. Kessler Topaz Meltzer & Check has successfully recovered billions of dollars for victims of corporate wrongdoing. It is important to note that the complaint in this instance was not filed by Kessler Topaz Meltzer & Check, LLP itself.

Contact Information

For additional details, individuals can contact:

Kessler Topaz Meltzer & Check, LLP

Jonathan Naji, Esq.

(484) 270-1453

280 King of Prussia Road

Radnor, PA 19087

[email protected]

This communication may be considered attorney advertising in some jurisdictions. Past results do not guarantee future outcomes.

lawsuit, investors, Marqeta