New Orleans Securities Class Action Lawsuit Against Marqeta, Inc.

Overview

On January 28, 2025, Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., issued a reminder to investors regarding a securities class action lawsuit against Marqeta, Inc. Investors who purchased the Company’s securities between August 7, 2024 and November 4, 2024, inclusive, have until February 7, 2025 to file lead plaintiff applications. The lawsuit is currently pending in the United States District Court for the Northern District of California.

Details of the Lawsuit

The class action lawsuit alleges that Marqeta, Inc. violated federal securities laws by making false and/or misleading statements and failing to disclose important information about the Company’s business, operations, and prospects. Investors who suffered losses during the Class Period may be eligible to participate in the lawsuit as lead plaintiffs.

Impact on Investors

Investors who purchased Marqeta, Inc. securities during the Class Period and suffered financial losses may be able to recover damages through participation in the securities class action lawsuit. It is important for affected investors to take action before the February 7, 2025 deadline to file lead plaintiff applications.

How this will affect me:

Individual Investors

Individual investors who purchased Marqeta, Inc. securities during the Class Period may be eligible to participate in the securities class action lawsuit as lead plaintiffs. By filing lead plaintiff applications before the February 7, 2025 deadline, individual investors have the opportunity to seek damages for any financial losses suffered during the specified timeframe.

How this will affect the world:

Financial Markets

The outcome of the securities class action lawsuit against Marqeta, Inc. may have broader implications for the financial markets. Depending on the resolution of the case, other companies and investors in the market may reassess their own business practices and investment strategies to avoid similar legal challenges in the future.

Conclusion

In conclusion, the securities class action lawsuit against Marqeta, Inc. presents an opportunity for investors who suffered financial losses during the Class Period to seek damages through participation in the legal proceedings. It is important for affected investors to take action before the February 7, 2025 deadline to file lead plaintiff applications and potentially recover their losses.