Curated News
By: NewsRamp Editorial Staff
December 28, 2024

Securities Fraud Lawsuits Filed Against Marqeta by Kessler Topaz Meltzer & Check, LLP

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Source News Release

TLDR

  • Marqeta investors can seek to be lead plaintiff and potentially recover significant losses by filing securities class action lawsuits.
  • Marqeta investors who purchased securities between May 7, 2024, and November 4, 2024, may file lawsuits for alleged securities fraud.
  • Kessler Topaz Meltzer & Check, LLP aims to protect investors from corporate misconduct and recover billions of dollars for victims of fraud.
  • Lead plaintiff deadline for Marqeta securities class action lawsuits is February 7, 2025. Take action to potentially recover losses.

Impact - Why it Matters

This news matters as it highlights alleged misconduct by Marqeta, potentially impacting investors who purchased securities during the specified period. Investors are urged to take action by the lead plaintiff deadline to potentially recover losses. The outcome of this case could have broader implications for how companies disclose regulatory challenges and guidance to investors.

Summary

The law firm Kessler Topaz Meltzer & Check, LLP has filed securities class action lawsuits against Marqeta, Inc. on behalf of investors who purchased Marqeta securities between May 7, 2024, and November 4, 2024. The complaints allege that Marqeta understated regulatory challenges, leading to a cut in guidance for the fourth quarter of 2024. Investors have until February 7, 2025, to seek appointment as a lead plaintiff representative.

Source Statement

This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Securities Fraud Lawsuits Filed Against Marqeta by Kessler Topaz Meltzer & Check, LLP

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