Berger Montague Urges Marqeta ( MQ ) Investors to Ask About Securities Fraud Class Action Lawsuit Investing.com
Philadelphia, Pennsylvania–(Newsfile Corp. – January 19, 2025) – Nationally recognized law firm Berger Montague PC informs investors that a lawsuit has been filed against MARQETA, INC. (“ Marqeta (NASDAQ:)” or the “Company”) (NASDAQ: MQ) on behalf of purchasers of MARQETA securities between May 7, 2024 and November 4, 2024including (“Teaching Period”).
Investors who suffered losses from investing in MARQETA (NASDAQ: MQ ) can follow the link below for more information about the lawsuit:
CLICK HERE learn your rights.
Investors who purchased 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.
On November 4, 2024, the Company issued a press release titled “Marqeta Announces Third Quarter 2024 Financial Results.” Along with reporting third-quarter results, Marqeta released lower fourth-quarter guidance reflecting “several changes that have become apparent over the past few months with respect to increased scrutiny of the banking environment and specific client program changes.”
Following the news, Marqet’s stock price fell $2.53 per share – more than 42% – from a close of $5.95 per share on November 4, 2024 to $3.42 per share on November 5, 2024.
For additional information or to learn how to participate in this litigation, CLICK HERE or contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net.
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.
Contacts:
To view the original version of this press release, visit https://www.newsfilecorp.com/release/237737
