---
schema_version: "secwatch.filing_event.v1"
accession: "0001522540-24-000002"
form_type: "8-K"
ticker: "MQ"
cik: "0001522540"
company_name: "Marqeta, Inc."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T07:50:16.949313+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001522540-24-000002
- form_type: 8-K
- ticker: MQ
- cik: 0001522540
- company_name: Marqeta, Inc.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1522540/000152254024000002/0001522540-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522540/000152254024000002/mq-20240325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001522540-24-000002
- JSON: https://secwatch.observer/filing/0001522540-24-000002.json
- Plain text: https://secwatch.observer/filing/0001522540-24-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.