Marqeta securities settlementOpen for claimsSecurities

Marqeta securities settlement claims are due December 31, 2026

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How we verify settlements

The lawsuit alleged that Marqeta and two executives made misleading statements about the company’s financial performance. The defendants agreed to a proposed $13 million settlement and denied liability. On September 3, 2026, the U.S. District Court for the Northern District of California granted preliminary approval and authorized investor notice.

Eligible investors must send Epiq a Proof of Claim and Release Form with records supporting the covered transactions. The administrator must receive the form by December 31, 2026. The court scheduled its final approval hearing for January 12, 2027 at 9 a.m. Pacific. The hearing schedule does not establish a payment date.

Key facts

Proposed gross settlement fund
$13 million
Trading period
February 28 through November 4, 2024, inclusive
Eligible securities
Publicly traded Marqeta Class A common stock, call options on that stock and put options written on that stock
Claim deadline
Epiq must receive the Claim Form by December 31, 2026
Payment calculation
Pro rata share of the net fund using recognized claims. Calculated payments below $10 are not distributed.
Final approval hearing
January 12, 2027 at 9 a.m. Pacific, subject to change
Case
In re Marqeta, Inc. Securities Litigation, No. 4:24-cv-08874-YGR, Northern District of California

Official settlement administrator: Epiq Class Action and Claims Solutions, Inc.

Evidence for key facts

These excerpts record what official sources said when checked. Open a fact to see its source and supporting passage. Follow the source for the latest information.

Claim statusChecked
the Court approves the Claim Form, attached hereto as Exhibit A- 2.

Signed preliminary approval order and schedule (Dkt. 82)Dkt. 82, PDF p. 11, claim procedures

Claim statusChecked
the above-captioned litigation (the "Action") has been certified as a class action on behalf of the Settlement Class

Court-directed summary notice issued by lead counselCourt-directed investor notice, preliminary certification

Who qualifiesChecked
between February 28, 2024 and November 4, 2024, both dates inclusive, and who were damaged thereby.

Signed preliminary approval order and schedule (Dkt. 82)Dkt. 82, PDF p. 5, amended settlement class definition

Who qualifiesChecked
those options must have been sold (written) during the Settlement Class Period and still outstanding at the close of trading on November 4, 2024.

Filed allocation and claim procedures incorporated in the court order (Dkt. 70)Dkt. 70, printed p. 19 (PDF p. 28), recognized loss; Dkt. 82 approves this allocation plan on pp. 10–11

Payment and benefitsChecked
defendants will pay $13 million into a common settlement fund, without admitting liability,

Signed preliminary approval order and schedule (Dkt. 82)Dkt. 82, PDF p. 2, amended settlement terms

Payment and benefitsChecked
If the prorated payment to be distributed to any Authorized Claimant is less than $10.00, no distribution will be made

Signed preliminary approval order and schedule (Dkt. 82)Dkt. 82, PDF p. 10, allocation threshold

Proof requirementsChecked
that is listed in the Claim Form and for which adequate supporting documentation is provided.

Filed allocation and claim procedures incorporated in the court order (Dkt. 70)Dkt. 70, printed p. 19 (PDF p. 28), supporting documentation for each covered transaction; Dkt. 82, pp. 10–11, adopted plan

Proof requirementsChecked
submit eligible Claim Forms with required documentation to Epiq.

Filed allocation and claim procedures incorporated in the court order (Dkt. 70)Dkt. 70, printed p. 23 (PDF p. 32), claim processing specifically cited in Dkt. 82 p. 11

Claim deadlineChecked
The Claim Form must be received by no later than December 31, 2026 for the Class member to be eligible to receive a distribution from the settlement fund.

Signed preliminary approval order and schedule (Dkt. 82)Dkt. 82, PDF p. 11, receipt requirement

Claim deadlineChecked
you must submit a Claim Form such that it is received no later than December 31, 2026

Court-directed summary notice issued by lead counselCourt-directed investor notice, filing deadline

Who qualifies

  • The class includes people and entities who purchased or otherwise acquired the publicly traded Class A shares or call options, or wrote publicly traded put options on those shares, during the class period and were damaged. The court defines the class by the securities transactions and losses, without a U.S. residence requirement in that definition.
  • To have a recognized loss under the allocation plan, eligible shares or calls had to be purchased during the class period and held through the close of U.S. trading on November 4, 2024. Eligible written puts had to remain outstanding at that close. Investors with no compensable loss are excluded.
  • The class excludes the defendants, certain Marqeta partners, control persons, officers and directors and their immediate families, specified Marqeta affiliates and related entities, defendant-controlled entities, specified family trusts, directors’ and officers’ insurers, and the legal representatives, heirs, successors and assigns of excluded parties. Anyone whose exclusion request the court accepts will not share in the fund.

How to file a Marqeta settlement claim

  1. 1

    Get the official Proof of Claim and Release Form

    The court-directed notice identifies the settlement website as the source for the full notice and claim form. You can also request copies from Epiq at 877-239-7087 or by writing to In Re Marqeta, Inc. Securities Litigation, c/o Epiq, P.O. Box 4620, Portland, OR 97208-4620.

  2. 2

    Document the relevant transactions

    List the covered acquisitions and sales on the form and provide records supporting them. Dates, prices and whether the shares, calls or written puts remained held or outstanding at the November 4 market close affect the recognized loss. Follow the issued form for the fields and documents applicable to your securities.

  3. 3

    Allow time for Epiq to receive your claim

    Use the official settlement claim process. December 31, 2026 is a receipt deadline. If filing by mail, allow time for delivery and follow the address on the issued form. The court directs Epiq to review claims and provide an opportunity to cure deficiencies or request court review of a denial.

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Frequently asked questions

Is there a fixed payment per share?

No. After court-approved deductions, each authorized claimant’s share equals their recognized claim divided by all recognized claims, multiplied by the net fund. All eligible call and written put options together are limited to 1% of the net fund. A calculated payment below $10 is not distributed.

Does owning Marqeta shares now qualify me?

Eligibility depends on qualifying trades during February 28 through November 4, 2024 and a compensable loss. The allocation plan also considers which positions remained open at the November 4 market close.

When must I opt out or object?

The issued notice requires Epiq to receive any exclusion request by December 22, 2026. Objections must be submitted to the court by that date. The claim deadline is December 31.

Where can I ask for the form if I cannot download it?

Epiq is the court-appointed claims administrator. Its toll-free number is 877-239-7087, and the court-directed summary notice lists its mailing address.

Sources and official records

Consult these records for the official terms and current updates. ClaimBee's summary helps explain the settlement; the administrator and court documents determine the claim requirements and benefits.

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