Case Background:
This is a securities fraud class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Marqeta, Inc. (“Marqeta”) (NASDAQ: MQ) securities between February 28, 2024 and November 4, 2024, inclusive (the “Class Period”).
Marqeta, a Delaware corporation with its principal executive offices in Oakland, California, offers digital payment processing services, and for most of its customers, acts as a card program manager.
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented 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’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On June 18, 2026, Lead Plaintiff filed a Motion for Preliminary Approval of the Class Action Settlement. The Motion is currently pending decision, and there is no further action necessary on your part until the Court reviews the proposed settlement and permits shareholders to start filing claims. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.