Philadelphia, Pennsylvania–(Newsfile Corp. – January 12, 2025) – A securities class action lawsuit has been filed against MARQETA, INC. (“ Market (NASDAQ:)” or the “Company”) (NASDAQ: MQ). The lawsuit was filed on behalf of the purchasers of MARQETA securities May 7, 2024 and November 4, 2024inclusive (the “Class Period”).

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Investors who buy or acquire MARKET securities during the Class Phase may, not exceed FEBRUARY 7, 2025seek to be appointed lead plaintiff representative of the class.

Headquartered in Oakland, CA, Marqeta operates a cloud-based platform that enables businesses to issue and manage their own payment cards.

According to the lawsuit, throughout the Class Period, Marqeta and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Marqeta underestimated the regulatory challenges affecting its business outlook; and (2) as a result, Marqeta must lower its guidance for the fourth quarter of 2024.

For more information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected]or CLICK HERE.

The lead plaintiff is a representative party who acts on behalf of all class members in managing the litigation. The lead plaintiff is usually the investor or a small group of investors who have the largest financial interest and who are also substantial and typical of the proposed class of investors. The lead plaintiff will select an attorney to represent the lead plaintiff and the class and these attorneys, if approved by the court, will be lead or class counsel. Your ability to share in any recovery will not, however, be affected by the decision whether or not to serve as a lead plaintiff. Consultation with any counsel is not necessary to participate or participate in any recovery achieved in this case. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of his or her choosing, or may choose not to and remain an inactive member of the class.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, DC, San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague represents individual and institutional investors for over five decades and has served as lead counsel in courts throughout the United States.

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