Marqeta Requests to Dismiss Class Action Filed by Investors

Court: N.D. California

Case: 4:24-cv-08874

Marqeta has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On November 4, 2024, Marqeta lowered its Q4 revenue and profit guidance, citing increased regulatory scrutiny.

Following this, MQ dropped over 42%.

Then, on December 9, 2024, shareholders filed a claim against Marqeta.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify MQ investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.