NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Marqeta, Inc. ("Marqeta" or the "Company") (NASDAQ: MQ). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Marqeta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until February 7, 2025, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired DMC securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.

[Click here for information about joining the class action]

On November 4, 2024, Marqeta issued a press release announcing its financial results for the third quarter of 2024. Marqeta reported weaker-than-expected results and issued "fourth quarter guidance [that] reflects several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes." During a related earnings call, the Company's Chief Executive Officer cited changes in "the regulatory environment amongst the smaller banks that support many of our customers' programs[.]" 

On this news, Marqeta's stock price fell $2.53 per share, or 42.52%, to close at $3.42 per share on November 5, 2024. 

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.  

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Danielle Peyton

Pomerantz LLP

dpeyton@pomlaw.com

646-581-9980 ext. 7980

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SOURCE Pomerantz LLP