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Investigation announced for Investors in Marqeta, Inc. (NASDAQ: MQ) over possible Breaches of Fiduciary Duties

12-01-2022 04:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Marqeta, Inc. (NASDAQ: MQ) shares over potential wrongdoing at Marqeta, Inc.

An investigation on behalf of investors in Marqeta, Inc. (NASDAQ: MQ) shares over potential wrongdoing at Marqeta, Inc.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Marqeta, Inc.

Investors who purchased shares of Marqeta, Inc. (NASDAQ: MQ) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Marqeta, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Oakland, CA based Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs.

In June 2021, Marqeta, Inc conducted its initial public offering ("IPO"), and the company sold 45 million shares for $27 per share.

Marqeta, Inc. reported that its annual Total Revenue rose from $290.29 million in 2020 to $517.17 million in 2021, and that its Net Loss increased from $47.69 million in 2020 to $163.92 million in 2021.

On August 11, 2022, Marqeta, Inc announced that their Chief Executive, Jason Gardner, will be stepping down. In addition to the CEO change, Marqeta said Chief Operating Officer Vidya Peters is leaving.

Shares of Marqeta, Inc. (NASDAQ: MQ) declined to as low as $7.72 per share on August 17, 2022.

Those who purchased shares of Marqeta, Inc. (NASDAQ: MQ) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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