Faruqi & Faruqi Investigates Investor Claims for Marqeta and Five9
New York, Sunday, 2 February 2025.
Faruqi & Faruqi, LLP investigates investors’ claims against Marqeta and Five9, potentially leading to class-action lawsuits that could impact financial stability and reputations.
Multiple Securities Class Actions Under Investigation
Faruqi & Faruqi, LLP, a leading national securities law firm, is currently investigating several high-profile cases of alleged securities violations. Most notably, the firm is examining claims against Marqeta, Inc. (NASDAQ: MQ), where investors who purchased securities between May 7, 2024, and November 4, 2024, may be eligible for legal action [1]. The case centers on allegations that Marqeta, a cloud-based payment card management platform headquartered in Oakland, CA, made false statements and failed to disclose regulatory challenges [1].
Significant Stock Impact and Legal Deadlines
Following the disclosure of regulatory challenges, Marqeta’s stock experienced a dramatic decline of 42.5%, dropping $2.53 to close at $3.42 on November 5, 2024 [6]. Investors have until February 7, 2025, to seek appointment as lead plaintiff in the Marqeta case [1]. The law firm is similarly investigating claims against Block, Inc. (NYSE: SQ), with allegations spanning from February 2020 to April 2024, involving compliance lapses in their Square and Cash App platforms [2].
Broad Range of Securities Investigations
Beyond Marqeta and Block, Faruqi & Faruqi is actively investigating claims for multiple companies. These include Regeneron Pharmaceuticals (NASDAQ: REGN), where investors who lost over $100,000 between November 2023 and October 2024 are encouraged to come forward [5], and Enphase Energy (NASDAQ: ENPH), which faces allegations of misleading statements about market position against Chinese competitors [4]. The firm’s investigation portfolio also includes cases involving Polestar Automotive, ModivCare, Arconic Corporation, and Grocery Outlet Holding Corp [3].
Legal Expertise and Investor Protection
James (Josh) Wilson, Securities Litigation Partner at Faruqi & Faruqi, is leading these investigations, encouraging affected investors to discuss their legal options [2][4][5]. The firm, established in 1995, has a track record of recovering hundreds of millions of dollars for investors [GPT]. As a lead counsel in various securities cases, Faruqi & Faruqi emphasizes that an investor’s ability to share in any potential recovery is not affected by whether they choose to serve as a lead plaintiff [5].