Berger Montague resembles Marqeta, Inc. (MQ) investors in the important term of the lawsuit in the class action through investments.com

Philadelphia, Pennsylvania – (NewsFile Corp. – January 26, 2025) – v. Marqet, Inc. Marqeta (NASDAQ:)” or the “Company”) (NASDAQ: MQ). The lawsuit was filed on behalf of buyers of Marqeta Securities between May 7, 2024 and November 4, 2024inclusive (“class period”).

Click here Learn more about this lawsuit.

Investors who bought or acquired Marqeta securities during the class may, no later than February 7, 2025try to be appointed as the lead class representative plaintiff.

Headquartered in Oakland, California, Marqeta operates a cloud-based platform that enables businesses to issue and manage their own payment cards.

According to the lawsuit, Marqeta and its executives throughout the class violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Marqeta implied 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 aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.netor Click here.

The lead plaintiff is the representative party acting on behalf of all class members in directing 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 adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the classes, and those attorneys, if approved by the Court, are lead or class counsel. However, your ability to share in any recovery is not affected by the decision whether or not to serve as the lead plaintiff. Communication with any representatives is not necessary to participate or share in any recovery obtained in this case. Each putative class member may move 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 action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for more than five decades and serves as leading counsel in courts throughout the United States.

To view the original version of this press release, please visit https://www.newsfilecorp.com/release/238446