Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, has filed a securities class action lawsuit in the United States District Court for the Southern District of New York against Marex Group plc (“Marex” or the “Company”) (NASDAQ: MRX), and certain of its directors and officers (collectively, “Defendants”). The Class Action asserts claims under §§10(b) and 20(a) of the Securities Exchange Act of 1934 (15 U.S.C. §§78j(b) and 78t(a)) and U.S. Securities and Exchange Commission Rule 10b-5 promulgated thereunder (17 C.F.R. §240.10b‑5) on behalf of all persons other than Defendants who sold short Marex securities between August 14, 2024 and August 5, 2025, inclusive (the “Class Period”), and were damaged thereby (the “Class”). The Class Action filed by Scott+Scott is captioned: Katz v. Marex Group plc, et al., Case No. 1:25-cv-08368.
Marex is a United Kingdom-based diversified global financial services platform. Marex operates five reporting segments: (1) Clearing; (2) Agency and Execution; (3) Market Making; (4) Hedging and Investment Solutions; and (5) Corporate. Marex’s Market Making segment provides direct liquidity to its client across a variety of products traded in the energy, metals, agriculture, and securities markets.
The Class Action alleges that, during the Class Period, Defendants made misleading statements and omissions regarding the Company’s business, financial condition, and prospects. Specifically, Marex failed to inform investors that it improperly inflated its cash flow and the revenues, assets, and profits of its Market Making segment through off-book intercompany transactions. Therefore, Marex’s seemingly positive cash flow was, in fact, negative because of the artificial inflation.
Defendants’ materially false and misleading statements during the Class Period resulted in members of the Class short selling the Company’s securities at artificially inflated prices, thus causing damages when the truth was revealed.
CONTACT:
Mandeep S. Minhas
Scott+Scott Attorneys at Law LLP
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