Lead Plaintiff Deadline is Approaching - Act Now

Marqeta Inc® Class Action

Wai v. Marqeta, Inc. et al.

Marqeta, Inc

NASDAQ: MQ

Class Period : 05/07/2024 - 11/04/2024

Lead Plaintiff Motion Deadline: 2/7/2025

Alleged Misstatements and Omissions
The Marqeta class action lawsuit accuses the company of making false or misleading statements and failing to disclose critical information, including:

  1. Understating the regulatory challenges affecting its business operations and outlook.
  2. Providing overly optimistic guidance for Q4 2024 net revenue and gross profit growth, which had to be significantly reduced later.

These omissions and misstatements misled investors about the company's financial stability and growth potential.

Effects on Stock Prices
The truth surfaced on November 4, 2024, when Marqeta announced reduced Q4 2024 guidance, revising its net revenue growth to 10-12% (from 16-18%) and gross profit growth to 13-15% (from 22-24%). The company cited heightened regulatory scrutiny and changes in customer programs as factors behind the adjustment.

As a result:

  • The stock price plummeted by over 42%, falling from $5.95 per share on November 4, 2024, to $3.42 on November 5, 2024.
  • Analysts downgraded Marqeta's stock, questioning its credibility and prospects.

Legal Rights for Affected Shareholders
Shareholders who purchased Marqeta stock during the Class Period may have legal grounds to recover their losses. The lawsuit claims that Marqeta violated securities laws by misrepresenting its business challenges and overstating its financial projections.

By joining this class action, shareholders can:

  • Seek compensation for financial losses caused by Marqeta's alleged misrepresentations.
  • Hold the company accountable for misleading statements and omissions.
  • Advocate for greater transparency and accountability in financial disclosures.

Take Action Today
If you purchased Marqeta stock and suffered losses, take the first step to protect your legal rights today. Contact experienced securities fraud attorneys to ensure your claim is filed before critical deadlines pass.

By joining the Marqeta class action, you can align with other affected investors to demand accountability and pursue fair compensation for your losses. Don't wait—time is of the essence.

image-3

DiCello Levitt Fights To Protect Shareholder Rights

At DiCello Levitt, we're committed to safeguarding the rights of investors impacted by corporate misconduct. Our team of experienced attorneys has a proven track record of challenging powerful corporations and securing significant compensation for our clients.  

By joining this class action lawsuit, you can stand against Marqeta's® alleged violations and seek the justice you deserve. We offer a free, private case evaluation to assess your potential compensation value and guide you through the following steps.  

Don't let corporate negligence harm your financial future. Contact us today to learn more about your rights and take the first step toward recovery. Request your free case evaluation now to get started.

All victims affected by Marqeta's® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

Find Out if You may be a Member
of the Class

Marqeta Inc® Class Action

Wai v. Marqeta, Inc. et al.

Marqeta, Inc

NASDAQ: MQ

Class Period : 05/07/2024 - 11/04/2024

Lead Plaintiff Motion Deadline: 2/7/2025

Alleged Misstatements and Omissions
The Marqeta class action lawsuit accuses the company of making false or misleading statements and failing to disclose critical information, including:

  1. Understating the regulatory challenges affecting its business operations and outlook.
  2. Providing overly optimistic guidance for Q4 2024 net revenue and gross profit growth, which had to be significantly reduced later.

These omissions and misstatements misled investors about the company's financial stability and growth potential.

Effects on Stock Prices
The truth surfaced on November 4, 2024, when Marqeta announced reduced Q4 2024 guidance, revising its net revenue growth to 10-12% (from 16-18%) and gross profit growth to 13-15% (from 22-24%). The company cited heightened regulatory scrutiny and changes in customer programs as factors behind the adjustment.

As a result:

  • The stock price plummeted by over 42%, falling from $5.95 per share on November 4, 2024, to $3.42 on November 5, 2024.
  • Analysts downgraded Marqeta's stock, questioning its credibility and prospects.

Legal Rights for Affected Shareholders
Shareholders who purchased Marqeta stock during the Class Period may have legal grounds to recover their losses. The lawsuit claims that Marqeta violated securities laws by misrepresenting its business challenges and overstating its financial projections.

By joining this class action, shareholders can:

  • Seek compensation for financial losses caused by Marqeta's alleged misrepresentations.
  • Hold the company accountable for misleading statements and omissions.
  • Advocate for greater transparency and accountability in financial disclosures.

Take Action Today
If you purchased Marqeta stock and suffered losses, take the first step to protect your legal rights today. Contact experienced securities fraud attorneys to ensure your claim is filed before critical deadlines pass.

By joining the Marqeta class action, you can align with other affected investors to demand accountability and pursue fair compensation for your losses. Don't wait—time is of the essence.

image-3

DiCello Levitt Fights To Protect Shareholder Rights

At DiCello Levitt, we're committed to safeguarding the rights of investors impacted by corporate misconduct. Our team of experienced attorneys has a proven track record of challenging powerful corporations and securing significant compensation for our clients.  

By joining this class action lawsuit, you can stand against Marqeta's® alleged violations and seek the justice you deserve. We offer a free, private case evaluation to assess your potential compensation value and guide you through the following steps.  

Don't let corporate negligence harm your financial future. Contact us today to learn more about your rights and take the first step toward recovery. Request your free case evaluation now to get started.

All victims affected by Marqeta's® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

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A qualified legal team led by a Financial Products Litigation attorney will consider the facts of your case.

Marqeta's® Investors may have grounds to pursue legal action and financial recovery of damages.

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