LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Marqeta, Inc. (“Marqeta” or “the Company”) (NASDAQ: MQ) for violations of the securities laws.
According to the Complaint, the Company made false and misleading statements to the market. Marqeta slashed its revenue growth forecast for the fourth quarter on November 4, 2024. The Company blamed “the heightened scrutiny of the banking environment and specific customer program changes” for its lowered expectations. Based on this news, shares of Marqeta cratered by more than 35% in morning trading the next day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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