Berger Montague advises Marqeta, Inc. investors. (MQ) dated February 7, 2025. Term By Investing.com
Philadelphia, Pennsylvania–(Newsfile Corp. – January 12, 2025) – A securities class action lawsuit has been filed against MARQETA, INC. (“ Marqeta (NASDAQ:)” or the “Company”) (NASDAQ: MQ). The lawsuit was filed on behalf of purchasers of MARQETA securities between May 7, 2024 and November 4, 2024including (“Teaching Period”).
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Investors who bought or acquired MARQETA securities during the Class Period may, no later than FEBRUARY 7, 2025seeks to be appointed lead representative of the class plaintiffs.
Headquartered in Oakland, CA, Marqeta operates a cloud-based platform that enables businesses to issue and manage their own payment cards.
According to the lawsuit, during the Class Period, Marqeta and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose the following: (1) Marqeta underestimated regulatory challenges affecting its business prospects; and (2) as a result, Marqeta would have to reduce its guidance for the fourth quarter of 2024.
For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.netor CLICK HERE.
The lead plaintiff is the representative party that acts on behalf of all class members in the conduct of the litigation. The lead plaintiff is usually an investor or a small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and those attorneys, if approved by the court, are lead or class counsel. However, deciding whether to be the lead plaintiff does not affect your ability to participate in the recovery. Communication with any attorney is not necessary to participate or participate in any recovery obtained in this case. Each putative class member may propose to the Court to serve as lead plaintiff through counsel of his or her choosing, or may choose to do nothing and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, DC, San Diego, San Francisco and Chicago, has been a pioneer in securities class actions since its founding in 1970. Berger Montague has represented individual and institutional investors for more than five decades and serves as general counsel in courts throughout the United States.
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