Marex, headquartered in London, is a global financial services firm providing trading, clearing, and risk management solutions.

According to the lawsuit, on August 5, 2025, NINGI Research published a report alleging that Marex 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 true risk exposure.

The report detailed numerous multi-million-dollar discrepancies in intercompany receivables and loans across Marex's network of over 56 entities. Examples of these discrepancies included a fabricated $17 million receivable, a subsidiary with profits inflated by 150% before liquidation, and an asset valued at $14.9 million sold weeks later for just $2.5 million with no reported loss. The report also alleged nearly $1 billion in off-balance-sheet derivatives exposure concealed through a Marex-controlled fund in Luxembourg was used to generate non-cash trading profits and inflate operating cash flow by misclassifying structured note issuance as income.

Following the issuance of this report, Marex's stock price fell $2.33, or 6.2%, closing at $35.31 on unusually heavy trading volume, causing investor losses.

If you are a Marex investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at ... or (215) 875-3015, or Caitlin Adorni at ... or (267)764-4865.

About Berger Montague

Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

For more information or to discuss your rights, please contact:
Andrew Abramowitz
Senior Counsel
Berger Montague
(215) 875-3015
...

Caitlin Adorni
Director of Portfolio & Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
...