Marqeta, Inc. Faces Class Action Lawsuit Over Securities Fraud
Overview of the Class Action Lawsuit Against Marqeta, Inc.
Attention investors! Recently, a significant class action lawsuit has come to light involving Marqeta, Inc. (NASDAQ: MQ), drawing concern among shareholders affected by alleged securities fraud. Levi & Korsinsky, LLP is actively notifying those invested in Marqeta about this development.
The Case Details and Allegations
At the heart of this lawsuit is a set of serious allegations claiming that important false statements were made by the defendants. It is asserted that Marqeta failed to adequately reveal the regulatory challenges that were influential to its business outlook. Consequently, the company was forced to lower its guidance for the fourth quarter of the financial year. These actions misled investors, who were left unaware of the true financial situation of Marqeta during the challenging period.
Class Definition
The outlined class action aims to recover losses for investors who were adversely impacted during the specified timeframe. This encompasses individuals who held investments between May and November in 2024 and faced losses as a result of the misleading information that was circulated.
Class Members and What's Next
If you’ve experienced a financial loss connected to your investments in Marqeta during the relevant period, it is crucial to note that you can take action by requesting the Court to appoint you as the lead plaintiff. While taking on this role can amplify your recovery options, it is not required for your participation in any potential fund recovery.
No Costs Involved
Being a member of this class action holds no upfront costs. If you qualify, you might be entitled to compensation without any immediate expenses or fees. This opportunity comes with no obligation to participate, which is important to underscore for potential claimants.
Why Choose Levi & Korsinsky?
Levi & Korsinsky boasts two decades of experience securing substantial settlements for shareholders who have suffered losses. They have become a reputable law firm in handling securities litigation. With a dedicated team comprised of over 70 professionals, Levi & Korsinsky is well-positioned to advocate for investor rights in complex legal scenarios. Recognized as one of the premier firms in the industry for handling securities class actions, their proven track record speaks volumes about their commitment to clients.
Contact Information for Interested Parties
If you want to learn more details about your rights or how to take action, please do not hesitate to reach out to Levi & Korsinsky. You can contact Joseph E. Levi, Esq. at (212) 363-7500 for tailored guidance regarding this lawsuit. They are here to support you through the legal process.
Frequently Asked Questions
What is the nature of the lawsuit against Marqeta, Inc.?
The lawsuit is a class action seeking to recover losses for shareholders affected by alleged securities fraud involving Marqeta.
Who can participate in the class action?
Anyone who held investments in Marqeta from May to November 2024 and experienced a loss can potentially be part of this lawsuit.
What do I need to do if I want to join?
You need to request the Court to appoint you as lead plaintiff if you wish to take on that role. You can also participate without being a lead plaintiff.
Are there any costs to join the class action?
No, there are no out-of-pocket costs for class members when seeking compensation for losses.
How can I get in touch with Levi & Korsinsky for more information?
You can contact the firm directly at (212) 363-7500 or reach out to one of their attorneys for further assistance regarding your situation.
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