Marqeta shareholder derivative lawsuit dismissed; $425k mootness fee paid

Marqeta, Inc.

Derivative lawsuit over 2023 share repurchase program dismissed as moot; court closed case on Mar 25, 2024.
Marqeta agreed to pay $425k mootness fee to plaintiffs' counsel; defendants deny wrongdoing.
Founder Jason Gardner agreed not to increase voting power above 49.99% until Sep 11, 2024 via standstill.
Court denied plaintiffs' motion to expedite discovery in September 2023.

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