LOS ANGELES, Dec. 23, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz has announced that investors who have experienced significant losses may take the lead in a securities fraud class action lawsuit against Marqeta, Inc. (“Marqeta” or the “Company”), ticker symbol MQ.

Class Period: May 7, 2024 – November 4, 2024
Lead Plaintiff Deadline: February 7, 2025

Shareholders who suffered financial losses are encouraged to click here to join the lawsuit.

The complaint alleges that during the Class Period, the Defendants did not disclose to investors that: (1) Marqeta’s investments in compliance and program management were insufficient to handle regulatory scrutiny faced by its banking partners, leading to significantly longer onboarding delays for new customers; and (2) as a result, the Defendants’ positive remarks regarding the Company’s business and future were misleading or lacked a solid foundation at the time.

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You do not need to take any action to be part of this class action at this moment. You may choose to hire a lawyer or remain an absent member of the lawsuit. For questions about the class action, your rights, or interests, please reach out to Frank R. Cruz at The Law Offices of Frank R. Cruz, located at 2121 Avenue of the Stars, Suite 800, Century City, California 90067 by calling 310-914-5007 or emailing info@frankcruzlaw.com. Include your mailing address, phone number, and number of shares purchased in your email.

Please note that this press release may be considered Attorney Advertising in certain jurisdictions based on applicable laws and ethical standards.

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles