Leading Securities Fraud Law Firm, Glancy Prongay & Murray LLP, Files Lawsuit for Securities Fraud
Glancy Prongay & Murray LLP, a securities fraud law firm, recently filed a securities class action against Marqeta, Inc. (MQ). This action was taken on behalf of individuals who acquired Marqeta securities between June 30, 2021, and September 13, 2021. The lawsuit alleges that Marqeta made false and misleading statements regarding its business operations and prospects during this time period.
According to the lawsuit, Marqeta failed to disclose the impact of a decrease in demand for its services from some of its key customers. The company also allegedly misrepresented the sustainability of its growth and the level of demand for its services. As a result of these alleged actions, Marqeta’s stock price fell significantly when the truth was revealed, causing harm to investors.
Investors who purchased Marqeta securities during the specified time frame and suffered losses as a result may be eligible to participate in the class action lawsuit. It is important for affected investors to review their legal options and consider joining the lawsuit to seek potential recoveries for their losses.
If you are an investor who acquired Marqeta securities between June 30, 2021, and September 13, 2021, and would like more information about the class action lawsuit, you are encouraged to contact Glancy Prongay & Murray LLP. Their experienced team can provide guidance on your legal rights and options moving forward.
