1. Marqeta shareholders may join a class action lawsuit. 2. Allegations point to misleading statements affecting business outlook. 3. Regulatory challenges reportedly understated by Marqeta. 4. Fourth-quarter guidance cut expected due to these challenges. 5. The deadline to join as lead plaintiff is February 7, 2025.
The allegations of misleading statements may reduce investor confidence, leading to a decline in MQ's stock price, similar to past cases where companies faced legal issues and stock prices dropped significantly.
The class action lawsuit directly affects shareholders and could impact MQ's stock performance and market perception, making this article highly relevant to MQ's future.
The immediate implication of the class action could affect MQ's stock price in the short-term, as market reactions to legal challenges are often swift.
The Gross Law Firm issues the following notice to shareholders of Marqeta, Inc. (NASDAQ: MQ).
Shareholders who purchased shares of MQ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
https://securitiesclasslaw.com/securities/marqeta-inc-loss-submission-form/?id=121480&from=4
May 7, 2024 to November 4, 2024
The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Marqeta understated the regulatory challenges affecting its business outlook; (2) as a result, Marqeta would have to cut its guidance for the fourth quarter of 2024 and; (3) as a result, defendants' public statements were materially false and/or misleading at all relevant times.
February 7, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/marqeta-inc-loss-submission-form/?id=121480&from=4
Once you register as a shareholder who purchased shares of MQ during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 7, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
The Gross Law Firm
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New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903
SOURCE The Gross Law Firm