Marqeta, Inc. (MQ) Shareholder Investigation

Shamis & Gentile, P.A. is investigating potential shareholder claims on behalf of Marqeta, Inc. ("Marqeta" or the "Company") (MQ). The investigation is focused on whether certain directors and officers breached their duties, which may have harmed both the Company and its shareholders. Concerned shareholders are advised to contact the firm now.

What’s Being Investigated

According to a securities fraud complaint filed on December 9, 2024, Marqeta and senior executives allegedly made a series of materially false or misleading statements and failed to disclose material information regarding the Company’s regulatory environment and growth outlook. Specifically, it is alleged that Marqeta understated the regulatory challenges already impacting onboarding, program launches, and revenue growth, and nevertheless reaffirmed optimistic financial projections that were unlikely to be met under heightened scrutiny.

The investigation seeks to determine whether members of Marqeta’s board of directors breached their fiduciary duties by failing to implement or maintain adequate oversight and compliance systems, thereby exposing the Company to regulatory delays, financial losses, and reputational harm.

Key Events

On November 4, 2024, Marqeta announced its third quarter 2024 financial results and revised its projections for the fourth quarter, citing heightened regulatory scrutiny in the banking environment and changes in customer programs. The complaint alleges that Marqeta’s CEO and CFO were aware of these issues much earlier in the year but did not disclose them until the November 4 announcement. The following day, November 5, 2024, Marqeta’s stock price fell $2.53 per share, or 42.5%, closing at $3.42 per share, causing harm to investors.

What Shareholders Can Do

If you have held Marqeta shares since at least August 7, 2024, you may be able to seek corporate reforms, the return of funds back to the Company, and a court-approved incentive award for you, all at absolutely no cost.

Shamis & Gentile, P.A. stands out as an advocate for shareholders seeking corporate accountability and governance reforms. The firm is committed to pursuing derivative actions that benefit companies and their shareholders by recovering damages and implementing meaningful corporate governance improvements. Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters, including derivative actions, class actions and complex commercial litigation.

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