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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Roselyn Baker is not a firefighter anymore. That part of her life came to a screeching halt when she reported a complaint to her boss, the Monroe Rural Protection Fire District's chief, and was fired the same day, two hours later. Following her termination, nearly half of Monroe’s firefighters resigned . It’s been almost a year, and in that time, the district has racked up more than $8,000 in legal fees and paid Baker a $125,000 settlement after she filed a tort claim, alleging retaliation, wrongful termination and other misdeeds. The Fire District conducted an investigation , but the results were not released, with officials citing attorney-client privilege. People are also reading... 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Corvallis high schoolers: We don't trust district to handle bias reports Albany man indicted in attempted murder case Oregon State celebrates Murphy's arrival while Washington State loses coach, quarterback The decision to close the investigation to the public was one made by the district's board of directors, according to Chief Chris Barnes. In the aftermath of the controversy, the district has updated its employee handbook and incorporated “relevant training” to prevent future incidents, Barnes said, adding staffing levels have returned normal. But for Baker, the actions signal a lack of accountability. “They sacrificed the integrity of the department to keep the people at the top,” she said. Earlier this year, several volunteer firefighters resigned from the Monroe Rural Fire Protection District following the termination of a staff firefighter after she had issued a complaint to Chief Barnes. The genesis of the complaint traces back to the January winter storm that blanketed the mid-Willamette Valley with a layer of ice . Barnes and Baker, who was an acting-in-capacity lieutenant, responded to a call at a Benton County home, according to a letter she wrote to Barnes. During the Jan. 16 incident, Baker put her portable radio on the back of her pants, attached to her duty belt and bent down to evaluate a patient. Wanting to call more medics to the scene, Barnes approached Baker from behind and grabbed her radio, yanking it several times before freeing it from her belt, the letter, dated Jan. 22, said. “The action of approaching me from behind and removing the radio from my belt made me feel extremely uncomfortable. I am more than capable of removing the portable radio from my belt in a timely manner if you are unable to find yours,” the letter says. Baker specifically asked Barnes not to touch her or her belt unless her life is under immediate threat or if she has given explicit permission. Within two hours of delivering her written complaint to Barnes, she was fired, according to the tort claim, filed two weeks later on Jan. 30. Tort claims against governmental agencies are often precursors to lawsuits. Copies of both the dated letter Baker brought to Barnes and her last check are included in the tort claim. After learning of the termination — one of only three paid positions at the district — five volunteer firefighters resigned and signed a letter sent to the board of directors, indicating they had no confidence in Chief Barnes' leadership. Resigned volunteer firefighters indicated they would return if an investigation were launched and Barnes were placed on administrative leave. They got half of what they wanted: An investigation was conducted, but Barnes was not placed on administrative leave. Shortly after the board's vote to conduct an investigation, the only remaining paid staff firefighter also resigned because of Baker’s termination. With the changes in staffing, some resigned firefighters expressed concerns about the district's ability to get to calls fast enough. However, Barnes maintained in an email that no call times were affected. Today, staffing is normal. Four paid positions, two part-time and two full-time, are filled, he said. Volunteers total 16, with two recruits finishing up at the academy, he added. The tort claim filed with the district describes battery, sexual harassment, gender discrimination, whistleblowing retaliation and wrongful termination at the hands of the fire chief. In response, Monroe Rural Fire Protection District has paid over $8,300 in attorney fees from January to July, according to invoices from Local Government Law Group obtained in a public records request. The first charge appears Jan. 23, a day after Baker’s termination. Barnes declined to comment about the settlement Baker received, but Baker said she accepted a $125,000 settlement in August. Before that, she was asked to come back to her position. Mid-Valley Media obtained the letter that was addressed to her lawyer. “After careful consideration, the district is willing to allow Ms. Baker to return to work immediately, in her same position without any loss of pay or benefits,” the Feb. 15 letter penned by Spencer Rockwell of Special Districts Insurance Services reads. “I have been asked by the district to assist them in this matter,” the letter says. At the time, the investigation was not yet complete looking into the allegations Baker made, the letter acknowledges. In February, the board of directors voted to investigate the allegations against Barnes. Mid-Valley Media attempted to obtain the records from Monroe Rural Protection Fire District, but the request was denied, based on an Oregon state law that exempts documents produced under attorney-client privilege. “The investigation was completed by a third-party and at the control and direction of the District’s legal counsel. The investigator issued a report to legal counsel. The report is an attorney-client privileged document, unconditionally exempt from disclosure, and not subject to an analysis of the public interest,” Mark Wolf of Local Government Law Group wrote in a letter to the Benton County District Attorney, to whom Mid-Valley Media appealed after its public records request was denied. When asked why the records were not released, Barnes said the decision to conduct the investigation the way it did was made by the board of directors. He couldn't speak to it. When asked what he thinks the public should know about the investigation, he gave the following reply by email: “That the board of directors fulfilled their obligation as elected officials, by investigating the matter and based on the findings of those results, made decisions that best suited the district and the public,” he said. When asked if any new trainings or changes were put in place to prevent future incidents, Barnes replied: “The board has adopted a revised and current employee handbook in collaboration with HR Answers, a Special District Association of Oregon affiliate. MRFPD has instituted additional training in relevant topics.” Inside a Corvallis coffee shop, Baker’s hands clasped over a to-go paper cup. She doesn't socialize much in Monroe anymore, she said. She doesn’t eat out at restaurants or even do much shopping there because she doesn’t want to run into anyone from the fire department. Monroe, a town of 763 according to the 2023 U.S. Census, is a place where people don’t ask very many questions, she said. She thought residents might come to the public meetings to see why firefighters were resigning. But they didn’t. On social media, some residents shared that they thought Baker was complaining because she got fired, she said. No one seemed to ask questions there either. “Some people had their minds set. People in Monroe don’t ask questions unless it benefits them or their agenda,” she said. Some of her interactions in the small town felt outright hostile. A former member of the Fire District called a local TV news station to show up to Baker's doorstep, without any warning. She knows who it was because she asked the newscaster who sent her the news tip, she said. “It felt like a direct attempt to humiliate me by invading my privacy,” she said. It’s been almost a year since the day Baker was terminated, but the details are still fresh in her mind. Baker purposely went to deliver her complaint with two other firefighters, who stood in earshot, she said. The chief had a track record of being defensive, and she didn’t want to be alone when she brought in the note. She remembers joking with her coworkers that she was going to get fired for raising a complaint, she said. Then she was. “I just wanted to keep my head down and do my job and maybe ask someone not to touch me, you know, that's it. That's it. I wasn’t even asking for him to get written up,” she said. When five volunteer firefighters resigned, saying they would return if Barnes was put on administrative leave, Baker thought that the board might grant their request. But they didn’t. Being a firefighter is a difficult job; you have to put faith and trust in your team, she said. You are being asked to put in time and effort and may even be risking fellow firefighters' lives at times. Instead, she felt like firefighters, including herself, were treated like they were disposable. “If you want people to actually care about the job they're doing and put in that time and effort, you take pride in it. You have to treat them right. You have to protect your employees,” she said. Watching it all unfold, Baker is now left with a feeling that is difficult to describe. “I feel like I got betrayed,” she said. It almost sounds too dramatic, she said, but it’s the only word that can really describe the heavy emotion, she said. Before events unfolded, she looks back at her time at Monroe Fire as rewarding. She wouldn’t go back and change that just because of what happened in the end, Baker said. At the same time, if she had a daughter, she wouldn’t want her to be a firefighter directly because of her experience, she said. Looking for a fresh start, Baker enrolled in dental hygienist school. She hasn’t tried to apply to any firefighting jobs since. It feels like something she has in her “back pocket,” but for now the feelings are too fresh, and frankly she has become disillusioned. “There was no integrity, no accountability, she said, “ I lost faith in the system, and I didn’t want to risk it again.” Related stories: Why nearly half of Monroe's volunteer firefighters resigned Shayla Escudero Allegations against Monroe fire chief to be investigated Shayla Escudero Another Monroe firefighter resigns amid allegations against chief Shayla Escudero Shayla Escudero graduated University of Southern California with a Master of Science in Journalism. She covers Albany city hall and Linn County. She is passionate about telling people forward stories and shining a light on injustices. She can be reached at Shayla.Escudero@lee.net Stay up-to-date on the latest in local and national government and political topics with our newsletter. 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National HealthCare Co. ( NYSE:NHC – Get Free Report ) insider Health Corp National sold 28,147 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $113.71, for a total value of $3,200,595.37. Following the completion of the sale, the insider now directly owns 1,056,616 shares of the company’s stock, valued at approximately $120,147,805.36. The trade was a 2.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . National HealthCare Trading Down 1.9 % NYSE NHC opened at $109.62 on Friday. The company has a market cap of $1.69 billion, a PE ratio of 13.74 and a beta of 0.43. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 12 month low of $87.03 and a 12 month high of $138.49. The stock has a 50 day moving average of $122.04 and a 200-day moving average of $122.09. National HealthCare Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, December 30th. National HealthCare’s dividend payout ratio is 30.58%. Institutional Investors Weigh In On National HealthCare Wall Street Analysts Forecast Growth Separately, StockNews.com raised National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th. View Our Latest Analysis on NHC National HealthCare Company Profile ( Get Free Report ) National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities. Further Reading Receive News & Ratings for National HealthCare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National HealthCare and related companies with MarketBeat.com's FREE daily email newsletter .
The St. Paul Fire Department said it quickly extinguished an attic fire that spread to the roof Friday night at the building housing Patrick McGovern’s Pub, a popular bar and eatery near Xcel Energy Center downtown. Firefighters responded after a call came in just before midnight Friday. Fire officials said Saturday that power lines were downed in front of the building at 225 7th St. W., and that the initial investigation pointed toward electrical contact from the downed lines as the cause. The official cause is still under investigation. Officials said they weren’t sure what brought down the power lines, but the restaurant in a social media post early Saturday said “a careless driver hit a transformer and fled the scene last night.” “McGoverns turret started on fire,” the restaurant said in the posting . “Thankfully no one at McGoverns was injured. Will keep everyone posted when we know more.” Fire officials said all occupants of the three-story building escaped safely.Northwestern hopes hot streak continues vs. Northeastern
The US says it pushed retraction of a famine warning for north Gaza. Aid groups express concern.
The ZX Spectrum, a seemingly simple 8-bit personal home computer released in 1982 by Sinclair Research, transcended its humble origins to become a cultural phenomenon that defined a generation. Born in the UK during a time of economic recession, this unassuming little box with its rubber keys and distinctive rainbow stripe became synonymous with the 1980s, igniting a passion for technology and gaming in millions. But how did a computer with just 48KB of RAM achieve such iconic status? This article delves deep into the history of the ZX Spectrum, exploring its profound impact on British culture, the innovative games that defined its legacy, and the reasons why it continues to hold a special place in the hearts of many. We’ll uncover the factors that contributed to its unprecedented success, from its disruptive price point to the vibrant community it fostered, and examine how it laid the foundation for the UK’s thriving IT industry. A Nation’s Gateway to Computing In the early 1980s, home computers were a luxury reserved for the affluent. Machines like the Apple II and Commodore PET were prohibitively expensive, placing them out of reach for most families. Sir Clive Sinclair, the visionary founder of Sinclair Research, had a different idea: to make computing accessible to everyone. His previous computer, the ZX81, had made strides in that direction, but it was the ZX Spectrum that truly democratized technology. Launched in April 1982, the ZX Spectrum was available in two models: 16KB and 48KB, priced at £125 and £175 respectively (approximately £450 and £630 today). This affordability was revolutionary, bringing computing within reach of ordinary households. Suddenly, children across the socioeconomic spectrum could experience the magic of programming and gaming in their own homes. This accessibility ignited a nationwide fascination with technology, transforming the Spectrum into a cultural symbol of progress and innovation. The Spectrum’s Colorful World One of the most striking features of the ZX Spectrum was its surprisingly vibrant color palette. While other computers of the era offered limited and often dull color options, the Spectrum boasted a dazzling array of hues, albeit with some limitations due to attribute clash. This colorful display, combined with the machine’s ability to produce surprisingly sophisticated graphics for its time, made it irresistible to game developers and captivated a generation of gamers. Games like Manic Miner, Jet Set Willy, and Chuckie Egg became instant classics, showcasing the creativity and ingenuity of a burgeoning game development scene. These games weren’t just visually appealing; they were also incredibly addictive and challenging, pushing the boundaries of what was possible on an 8-bit machine and setting new standards for game design. The Spectrum’s vibrant visuals and engaging gameplay experiences cemented its position as the leading gaming platform of its time. A Bedroom Coding Revolution The ZX Spectrum wasn’t just a gaming machine; it was also a powerful tool for learning and creativity. The BASIC programming language, built into the Spectrum’s ROM, provided an intuitive and readily available platform for users to write their own programs and games. This accessibility sparked a coding revolution, with countless young people across the UK learning to program on the Spectrum. Bedrooms were transformed into makeshift development studios, as teenagers spent countless hours hunched over their Spectrums, creating games, utilities, and even rudimentary artificial intelligence programs. This generation of “bedroom coders” went on to form the backbone of the UK’s burgeoning IT industry, contributing to the development of groundbreaking software and technologies that continue to shape our world today. The Spectrum’s impact on the technology landscape is immeasurable, having empowered a generation to become creators and innovators in the digital realm. The Rise of the Spectrum Community The ZX Spectrum fostered a vibrant and passionate community that extended far beyond individual bedrooms. Magazines like Your Sinclair and Crash provided news, reviews, and tips, fueling the enthusiasm and providing a vital source of information for eager users. Local computer clubs offered a space for enthusiasts to connect, share their creations, and learn from one another. This sense of community was crucial to the Spectrum’s success, creating a network of support and collaboration that fueled innovation and creativity. The Spectrum also spawned a thriving independent software scene. Small companies, often started by bedroom coders, sprung up across the UK, producing a vast library of games and software. This entrepreneurial spirit further cemented the Spectrum’s place in British culture, demonstrating the power of technology to empower individuals and drive economic growth. The Spectrum became a symbol of possibility, inspiring a generation to pursue their dreams and contribute to the burgeoning tech industry. The Spectrum’s Global Reach While the ZX Spectrum was undeniably a British phenomenon, its influence extended far beyond the UK’s shores. The Spectrum was also popular in other European countries, such as Spain, where it enjoyed considerable success and fostered a thriving software development scene. This international reach further solidified the Spectrum’s legacy as a truly iconic machine that captured the imaginations of people across the globe. The Spectrum’s impact on gaming and technology was felt worldwide, inspiring countless individuals to explore the world of computing and contribute to the digital revolution. Its legacy continues to inspire and influence, serving as a testament to the power of accessible technology to connect people and foster creativity. Enduring Legacy: Why the Spectrum Still Matters The ZX Spectrum’s reign as king of the home computers eventually came to an end, overtaken by more powerful machines like the Commodore Amiga and Atari ST. However, its impact on the world of technology and gaming is undeniable and continues to resonate today. The Spectrum introduced millions to the world of computing, inspiring a generation of programmers, game developers, and entrepreneurs. Its influence can be seen in the UK’s thriving games industry, which continues to produce world-class titles that entertain and captivate audiences worldwide. The Spectrum’s legacy is woven into the fabric of the gaming industry, shaping its evolution and inspiring countless developers to push the boundaries of interactive entertainment. Even today, the ZX Spectrum retains a dedicated and passionate following. Emulators and retro gaming communities keep the spirit of the Spectrum alive, allowing new generations to experience the magic of this iconic machine. The Spectrum’s legacy serves as a reminder of a time when technology was simpler, yet full of possibilities, and when a small, unassuming computer could spark a cultural revolution. Intriguing Facts: My Personal Experience: My first encounter with the ZX Spectrum was at a friend’s house in the mid-80s. I was mesmerized by the colorful graphics and fast-paced action of games like Jet Set Willy and Head Over Heels. Soon after, I convinced my parents to buy me my own Spectrum, and I spent countless hours exploring its capabilities, learning to program, and immersing myself in its world. The Spectrum wasn’t just a computer to me; it was a portal to another dimension, a source of endless fascination and creativity. Even today, I still fire up my emulator occasionally to relive those nostalgic memories and appreciate the ingenuity of this groundbreaking machine. The ZX Spectrum was more than just a computer; it was a cultural touchstone that defined a generation. Its affordability, vibrant color palette, and accessible programming language opened up the world of technology to millions, fostering a community of passionate enthusiasts and laying the foundation for the UK’s thriving IT industry. While technology has advanced significantly since the 1980s, the ZX Spectrum remains an enduring symbol of innovation, creativity, and the democratizing power of technology. It truly was “our rock ‘n’ roll,” and its impact on the world of technology and gaming continues to be felt today.Blindfire - Official PlayStation Launch Trailer
Blindfire - Official PlayStation Launch TrailerNone
NEW YORK (AP) — Sean “Diddy” Combs was denied bail on Wednesday as he awaits a May sex trafficking trial by a judge who cited evidence showing him to be a serious risk of witness tampering and proof that he has violated regulations in jail. U.S. District Judge Arun Subramanian made the decision in a written ruling following a bail hearing last week, when lawyers for the hip-hop mogul argued that a $50 million bail package they proposed would be sufficient to ensure Combs doesn’t flee and doesn’t try to intimidate prospective trial witnesses. Two other judges previously had been persuaded by prosecutors’ arguments that the Bad Boy Records founder was a danger to the community if he is not behind bars. Lawyers did not immediately respond to messages seeking comment on the decision. Combs, 55, has pleaded not guilty to charges that he coerced and abused women for years, aided by associates and employees. An indictment alleges that he silenced victims through blackmail and violence, including kidnapping, arson and physical beatings. A federal appeals court judge last month denied Combs’ immediate release while a three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan considers his bail request. Prosecutors have insisted that no bail conditions would be sufficient to protect the public and prevent the “I'll Be Missing You” singer from fleeing. They say that even in a federal lockup in Brooklyn, Combs has orchestrated social media campaigns designed to influence prospective jurors and tried to publicly leak materials he thinks can help his case. They say he also has contacted potential witnesses through third parties. Lawyers for Combs say any alleged sexual abuse described in the indictment occurred during consensual relations between adults and that new evidence refutes allegations that Combs used his “power and prestige” to induce female victims into drugged-up, elaborately produced sexual performances with male sex workers known as “Freak Offs.”Utah Hockey Club (9-10-4, in the Central Division) vs. Vegas Golden Knights (15-6-3, in the Pacific Division) Paradise, Nevada; Saturday, 10 p.m. EST BETMGM SPORTSBOOK LINE: Golden Knights -192, Utah Hockey Club +159; over/under is 6.5 BOTTOM LINE: The Vegas Golden Knights host the Utah Hockey Club after Ivan Barbashev scored two goals in the Golden Knights' 4-3 win against the Winnipeg Jets. Vegas is 15-6-3 overall and 9-2-0 at home. The Golden Knights are 15-2-2 in games they score three or more goals. Utah has a 9-10-4 record overall and a 5-6-2 record in road games. The Utah Hockey Club have an 8-0-4 record when scoring at least three goals. Saturday's game is the third meeting between these teams this season. The Golden Knights won 4-2 in the previous meeting. Barbashev led the Golden Knights with two goals. TOP PERFORMERS: Brett Howden has scored 10 goals with one assist for the Golden Knights. Barbashev has five goals and six assists over the last 10 games. Dylan Guenther has 10 goals and 10 assists for the Utah Hockey Club. Jack McBain has scored six goals over the last 10 games. LAST 10 GAMES: Golden Knights: 6-3-1, averaging 2.9 goals, 4.7 assists, 3.3 penalties and 7.7 penalty minutes while giving up 2.6 goals per game. Utah Hockey Club: 4-5-1, averaging 2.6 goals, 4.6 assists, 5.1 penalties and 14.4 penalty minutes while giving up 2.6 goals per game. INJURIES: Golden Knights: None listed. Utah Hockey Club: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . The Associated Press
Kingsview Wealth Management LLC Grows Stake in PGIM Total Return Bond ETF (NYSEARCA:PTRB)MNHRC delegation attends SEANF 21st Annual Conference and Side Event
WINSTON-SALEM, N.C. (AP) — It wasn’t how Duke drew up the final play, but it worked out perfect for the Blue Devils in Saturday’s 23-17 victory over Wake Forest. Maalik Murphy threw a 39-yard touchdown pass to Jordan Moore as time expired, allowing Duke to end the regular season with three consecutive victories. Murphy said he realized he took too long to make a decision after the last snap. “I knew at that point I had to make a play,” he said. “The damage was already done, time was ticking.” With the score tied at 17, the Blue Devils (9-3, 5-3 Atlantic Coast Conference) moved 76 yards in 1:22 after forcing a Wake Forest punt. It appeared that Duke might run out of time in the slow-developing play, but Moore improvised and broke free along the right side, caught the ball at the 10-yard line and spun into the end zone to complete a comeback from 14 points down in the second half. “The play that Maalik and Jordan put together was magical,” Duke coach Manny Diaz said. “Nobody thought a 5-yard route would turn into a (long) touchdown.” So instead of a long field-goal attempt, Duke had something better. “I just decided to take it down the field,” Moore said. “I think that’s a testament to our chemistry. ... Maalik had the confidence in himself to make that kind of play.” It resulted in Duke’s sixth victory by seven points or less. “It’s like a perfect exclamation point to our season,” Diaz said. “An unbelievable way to finish our season.” Murphy racked up with 235 yards on 26-for-34 passing. Moore, who was down with an injury after a reception earlier in the second half, made five catches for 98 yards. Hank Bachmeier threw for 207 yards and a touchdown as Wake Forest (4-8, 2-6) ended its second straight four-win season with a four-game losing streak. “A heartbreaking loss,” Demon Deacons coach Dave Clawson said. “It’s a tough way to lose a game and a tough way to end the season.” Tate Carey’s 8-yard run, Matthew Dennis’ 37-yard field goal and Horatio Fields’ 9-yard reception across 11 minutes of game time gave Wake Forest a 17-3 lead with nine minutes left in the third quarter. Duke took advantage of a short field following a punt, moving 42 yards in four plays to score on Star Thomas’ 3-yard run. The Blue Devils recovered a fumble on the ensuing kickoff and converted on Murphy’s 2-yard run with 12:57 left to pull even. “What has been proven is that we’re mentally tough,” Diaz said. “We’re not going to do everything perfect.” Taylor Morin became Wake Forest’s all-time leader in receiving yards with 2,974. He picked up 47 yards on eight catches on Saturday. Morin, in his fifth season, passed former NFL player Ricky Proehl, who had 2,929 yards in the late 1980s. Duke: The Blue Devils have secured at least a nine-win season for the second time in three seasons, this one coming in Diaz’s first season. They racked up a 4-0 record against in-state opponents, including comebacks to top North Carolina and Wake Forest. “Every quest that we have for championships starts in our own state,” Diaz said. Wake Forest: The Demon Deacons punted on their final three possessions of the season. They finished with a 1-6 record in home games. “It’s been a tough year, a long year, and I’m proud of our team and how hard they fought,” Clawson said. Duke: Awaits a bowl invitation Wake Forest: Enters the offseason with a losing record for the third time in five seasons. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
NEW YORK, Dec. 28, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Marqeta, Inc. MQ and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Marqeta, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/marqeta-inc . Investors have until February 7, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Marqeta securities. The first-filed case is pending in the U.S. District Court for the Northern District of California and is captioned Wai v. Marqeta, Inc., et al. , No. 24-cv-8874. Why was Marqeta Sued for Securities Fraud? Marqeta is a financial technology company that provides a card issuing platform, enabling businesses to create and manage customized payment cards. During the relevant period, Marqeta discussed its ability to attract and retain customers while continuing to achieve operational efficiencies given the purported investments it already made into its compliance infrastructure. In truth, it is alleged that at the time the statements were made, Marqeta experienced longer customer onboarding timelines caused by heightened regulatory scrutiny and insufficient investments into the Company's compliance apparatus. The Stock Declines as the Truth is Revealed On November 4, 2024, the Company reported its third quarter 2024 financial results and cut its full year 2025 growth outlook, due to "heightened scrutiny of the banking environment and specific customer program changes." On the earnings call the same day, the Company revealed that "the regulatory scrutiny" had "clearly ratcheted up" in the "first few months of 2024." Marqeta also admitted that the impact the increased scrutiny had on the Company's business "became apparent over the last few months." This news caused the price of the Company's stock to fall over 42%, from a closing price of $5.95 per share on November 4, 2024, to $3.42 per share on November 5, 2024. Click here if you suffered losses: https://www.bfalaw.com/cases-investigations/marqeta-inc . What Can You Do? If you invested in Marqeta you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases-investigations/marqeta-inc Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com . https://www.bfalaw.com/cases-investigations/marqeta-inc Attorney advertising. Past results do not guarantee future outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Charles Dolan, media pioneer and Cablevision founder, dies at 98
