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

RADNOR, Pa., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP has announced that securities class action lawsuits have been initiated against Marqeta, Inc. (NASDAQ: MQ). These lawsuits are taking place in the United States District Court located in the Northern District of California. The focus is on individuals who purchased or acquired Marqeta stock between May 7, 2024, and November 4, 2024, which is referred to as the "Class Period." The deadline for appointing a lead plaintiff is February 7, 2025.

For any inquiries, interested parties can reach out to attorney Jonathan Naji, Esq. at (484) 270-1453 or via email at [email protected].

Allegations Against Marqeta

The complaints filed against Marqeta allege that during the Class Period, the company, along with its leadership, made significant false or misleading statements. They also failed to disclose important facts that could negatively impact investors' understanding of Marqeta's business operations and future prospects. Specifically, the allegations include claims that (1) Marqeta did not properly represent the regulatory challenges that could impact its outlook; (2) the company would need to lower its financial guidance for the fourth quarter of 2024; and (3) as a result, the statements made by the company about its operations were not truthful and lacked substantial basis.

How to Become a Lead Plaintiff

Investors in Marqeta have the option to seek appointment as a lead plaintiff representative in the class action lawsuit through Kessler Topaz Meltzer & Check, LLP or another legal counsel. This must be done by February 7, 2025. A lead plaintiff is typically the person or small group of individuals who have the most significant financial stake in the outcome of the case and are representative of the overall group of investors. The lead plaintiff will choose legal representation for themselves and the class, which requires court approval.

Kessler Topaz Meltzer & Check, LLP strongly encourages Marqeta investors who have faced substantial financial losses to contact the firm for further details.

CLICK HERE TO SIGN UP FOR THE CASE.

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP is involved in handling class actions in state and federal courts throughout the United States and globally. The firm has established a strong reputation for excellence in defending the rights of investors and others affected by fraud and corporate misconduct, recovering billions of dollars for victims. Their mission is to protect investors and consumers against malpractice, fraud, and negligence from businesses and fiduciaries.

Contact Information

For more information, Kessler Topaz Meltzer & Check, LLP can be contacted through:

Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

Please note that this communication may be considered as attorney advertising in some jurisdictions. Prior results do not guarantee future outcomes.

lawsuit, investors, Marqeta