The law firm of Kirby McInerney LLP is investigating potential claims against Marqeta, Inc. (“Marqeta” or the “Company”) MQ. The investigation concerns whether Marqeta and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
[Click here to learn more about the investigation]
On November 4, 2024, Marqeta released weaker-than-expected third quarter 2024 financial results and fourth quarter 2024 guidance. The Company explained its “guidance 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.” On this news, the price of Marqeta’s shares declined by $2.53 per share, or approximately 42.5%, from $5.95 per share on November 4, 2024 to close at $3.42 per share on November 5, 2024.
If you purchased or otherwise acquired Marqeta securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
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