Marqeta ($MQ) Investor Settlement
Marqeta has reached a settlement with $MQ investors to resolve claims that it misled them about its dependence on Block and the sustainability of its growth at the time of its 2021 IPO.
Outline:
Marqeta went public in June 2021, touting broad adoption and rapid growth, but investors later alleged it was far more dependent on Block for revenue than disclosed. As concentration and growth concerns mounted, $MQ fell sharply, investors sued, and Marqeta later reached a settlement.
Timeline:
June 2021: Marqeta completed its IPO, raising approximately $1.2 billion.
2022: Analysts and media began questioning Marqeta’s dependence on Block for revenue.
2022–2023: $MQ dropped significantly amid slowing growth and customer-concentration concerns.
April 2024: Investors filed a class action complaint.
December 2025: Marqeta reached a tentative settlement to resolve the claims.
Background:
Marqeta positioned itself as a modern card-issuing platform with a wide customer base as it entered the public markets in 2021. The lawsuit description claims investors were led to believe Marqeta’s growth was broadly supported by customer adoption across its platform.
The complaint alleges Marqeta did not adequately disclose the extent to which Block generated a disproportionate share of its revenue. After the IPO, analysts and commentators scrutinized this customer concentration risk and questioned how much overall growth depended on Block’s volume.
The lawsuit also claims Marqeta overstated the durability of its expansion, minimized the risk of customer churn, and presented an overly optimistic picture of its profitability trajectory. As these concerns surfaced and growth slowed, $MQ declined significantly, and investors alleged they suffered losses as a result.
What Can Investors Expect Now?
Marqeta has reached a settlement with $MQ investors to resolve claims tied to disclosures about its reliance on Block and the sustainability of its growth around its 2021 IPO.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Frequently Asked Questions
All persons and entities that purchased or otherwise acquired the publicly traded Class A common stock of Marqeta, and/or purchased or otherwise acquired publicly traded call options on such stock and/or wrote publicly traded put options on such stock between February 28, 2024 and November 4, 2024, both dates inclusive, and who were damaged thereby.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.