Marqeta Shareholder Alert: Important Information for Investors

NEW ORLEANS, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") is reaching out to investors to notify them about a critical class action lawsuit involving Marqeta, Inc. (NASDAQ: MQ). The firm, along with Charles C. Foti, Jr., a former Attorney General of Louisiana, reminds investors that the deadline to apply to serve as lead plaintiff in this lawsuit is February 7, 2025.

If you acquired securities of Marqeta between August 7, 2024, and November 4, 2024, you may have experienced significant financial losses. This lawsuit is currently active in the United States District Court for the Northern District of California.

How Can You Participate?

If you believe you are impacted by the events concerning Marqeta and would like to explore your legal options, KSF encourages you to get in touch with them. KSF Managing Partner Lewis Kahn is available to discuss your rights and how the outcome of this case may affect you. You can contact him toll-free at 1-877-515-1850 or via email at [email protected]. Additionally, for more information, visit KSF's website. Remember, if you want to be a lead plaintiff, you must submit your petition by February 7, 2025.

Details of the Lawsuit

The class action lawsuit claims that Marqeta and several of its executives failed to disclose critical information that significantly impacted investors. This includes allegations that the company underestimated the regulatory challenges it was facing, which affected its business prospects and ultimately led to a necessary reduction in the revenue guidance for the fourth quarter of 2024. As a result, statements made by Marqeta's management were allegedly inaccurate and misleading during the class period.

The case being referenced is Wai v. Marqeta, Inc., et al., No. 24-cv-08874.

About Kahn Swick & Foti, LLC

KSF is recognized as one of the leading boutique law firms specializing in securities litigation in the United States. The firm represents various clients, including public institutional investors, hedge funds, and private investors, working diligently to help them recover losses associated with corporate misconduct in publicly traded companies. KSF has a presence in multiple offices—including New York, Delaware, California, Chicago, Louisiana, and New Jersey—ensuring wide-reaching support for investors seeking justice.

For further insights into KSF's operations and commitment to investor rights, consider visiting their official website at www.ksfcounsel.com.

Marqeta, lawsuit, investors