MQ Investor Alert: Kessler Topaz Meltzer & Check, LLP Urges MQ Investors with Losses to Contact the Firm

RADNOR, Pa., Jan. 03, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that multiple securities class action lawsuits have been initiated in the United States District Court for the Northern District of California against Marqeta, Inc. (NASDAQ: MQ). These lawsuits are on behalf of individuals who purchased or obtained Marqeta securities during the period from May 7, 2024, to November 4, 2024 (referred to as the "Class Period"). The deadline for appointing a lead plaintiff is February 7, 2025.

If you have any questions or need further details, you may contact attorney Jonathan Naji, Esq. at (484) 270-1453 or via email at [email protected].

Allegations Against Defendants

The files allege that during the Class Period, the defendants made false and misleading statements. They failed to reveal significant adverse facts regarding Marqeta's operations, business performance, and future expectations. Specific allegations state that: (1) Marqeta downplayed regulatory issues impacting its business outlook; (2) this resulted in the necessity to reduce its earnings guidance for the fourth quarter of 2024; and (3) consequently, the claims made by the defendants about the company’s business prospects were fundamentally inaccurate and misleading.

Engaging a Lead Plaintiff

Investors of Marqeta have the opportunity to apply as a lead plaintiff representative for the class, but they must do so by February 7, 2025. Interested persons can either engage Kessler Topaz Meltzer & Check, LLP or choose their own legal representation, or they may opt to do nothing and remain part of the class without participation. A lead plaintiff serves as a spokesperson for all the class members in the ongoing litigation and is typically the individual or group that has the most substantial financial interest and is representative of the greater investor class. The lead plaintiff has the job of selecting legal representation for the group, and if the court approves the chosen attorneys, they serve as lead or class counsel. Importantly, deciding whether or not to take on the role of lead plaintiff won’t affect your potential share of any recovery from the case.

Kessler Topaz Meltzer & Check, LLP encourages all Marqeta investors who have incurred significant losses to reach out directly for more insights.

CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: Link

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP is a law firm specializing in class action lawsuits across various state and federal courts nationwide and internationally. They have built a strong reputation globally for excellence in securing billions of dollars for victims of fraud and corporate misconduct. The firm aims to protect investors, consumers, employees, and others against fraud, misconduct, negligence, and abuse by businesses and fiduciaries. Note that the complaint for this case was not filed by Kessler Topaz Meltzer & Check, LLP.

Contact Information

Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

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