Marqeta Investors Targeted in Class Action Lawsuit

NEW YORK, Jan. 05, 2025 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a well-known law firm, has announced that it is notifying investors regarding a class action lawsuit filed against Marqeta, Inc. ("Marqeta" or "the Company") and several of its officers.

Details of the Class Action

This lawsuit aims to seek damages for alleged breaches of federal securities laws on behalf of all individuals and entities that bought or acquired Marqeta securities during the period from August 7, 2024, to November 4, 2024 (the "Class Period"). Investors who feel they may have been affected are encouraged to participate in this case by visiting the law firm's website.

Allegations Against Marqeta

The complaint outlines accusations that during the Class Period, the defendants knowingly made false or misleading statements or omitted crucial information, including: (1) Marqeta downplayed regulatory issues impacting its business outlook; (2) Consequently, Marqeta would have to revise its guidance downwards for the fourth quarter of 2024; and (3) As a result, the public statements made by the defendants were misleading throughout this period. When the true circumstances became clear, investors reportedly encountered significant losses.

Next Steps for Investors

A class action has already been initiated. Individuals wishing to view a copy of the filed complaint can find it online, or they can reach out to Peretz Bronstein, Esq. or Nathan Miller, Client Relations Manager at Bronstein, Gewirtz & Grossman, LLC, at 332-239-2660. Investors who experienced losses due to Marqeta have until February 7, 2025, to request the court to appoint them as lead plaintiffs. However, participating in any recovery does not require one to hold the lead plaintiff position.

No Financial Risk to Investors

The law firm represents clients involved in class action lawsuits on a contingency fee basis. This means fees and costs will only be collected if the case is successful, typically as a percentage of any recovered amount.

About the Law Firm

Bronstein, Gewirtz & Grossman, LLC is a distinguished national law firm focused on representing investors in cases involving securities fraud and shareholder derivative actions. The firm boasts a successful track record, having recovered hundreds of millions of dollars for investors across the country.

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lawsuit, investors, securities