Overview

A class action lawsuit has been filed against Marqeta, Inc. (“Marqeta” or the “Company”) (NASDAQ: MQ) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Marqeta class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired publicly traded Marqeta securities between August 7, 2024, and November 4, 2024, both dates inclusive (the “Class Period”).  Investors have until February 7, 2025, to seek appointment as lead plaintiff in the Marqeta class action lawsuit.

Marqeta was incorporated in the state of Delaware in 2010 and creates digital payment technology for innovation leaders.  The Company’s modern card issuing platform empowers its customers to create customized and innovative payment card programs, giving them the configurability and flexibility to build better payment experiences.  The Company provides all of its customers with issuer processor services and for most of its customers it also acts as a card program manager.  The Company primarily earns revenue from processing card transactions for its customers.

The Marqeta class action lawsuit alleges that Defendants, throughout the Class Period, provided materially false and misleading statements and failed to disclose the following adverse facts about Marqeta’s business, operations, and prospects which were known to Defendants or recklessly disregarded by them.  Specifically, Defendants 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.

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If you purchased or otherwise acquired publicly traded Marqeta securities between August 7, 2024, and November 4, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Marqeta class action lawsuit is February 7, 2025.