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Press Release
hsmith@howardsmithlaw.comThis lawsuit is for anyone who acquired securities in Marex Group plc (NASDAQ: MRX) from August 14, 2024 through August 5, 2025.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by engaging in a myriad of significant accounting frauds intentionally designed to “cook” the books.
On August 5, 2025, NINGI Research published a report alleging, among other things, that Marex “has engaged in a multi- year accounting scheme involving a web of opaque off-balance-sheet entities, fictitious intercompany transactions, and misleading disclosures to conceal significant losses, inflate profits, and mask its true risk exposure.” Specifically, the report states that the Company has concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund it both controls and trades with and that it is using the fund to generate non-cash trading profits and inflate operating cash flow by misclassifying structured note issuance as income. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Marex Group plc (NASDAQ: MRX) from August 14, 2024 through August 5, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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