Cardlytics Faces Class Action Lawsuit Over Misleading Statements

The Schall Law Firm, a national leader in shareholder rights litigation, has announced a class action lawsuit against Cardlytics, Inc. (“Cardlytics” or “the Company”) CDLX. This lawsuit cites violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 from the U.S. Securities and Exchange Commission.

Shareholders who acquired the Company’s securities between March 14, 2024, and August 7, 2024 (the “Class Period”) are urged to get in touch with the firm before March 25, 2025, for potential participation in the lawsuit.

If you are among those affected by losses, click here to join.

You may also contact Brian Schall from the Schall Law Firm at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. Call 310-301-3335 for a free discussion about your rights. More information is available on the firm’s website, www.schallfirm.com, or via email at [email protected].

Currently, the class has not yet been certified. Until that happens, you will not have legal representation. Choosing not to act means you will remain an absent class member.

The Complaint alleges that Cardlytics misled investors with false claims. Although consumer engagement increased, the Company’s revenue did not keep pace with this growth. Additionally, the new Ads Decision Engine resulted in failures to meet budget and billing expectations. Consequently, the Company’s public statements during the class period were inaccurate and misleading. As the truth emerged, many investors faced significant financial losses.

Take part in the lawsuit to seek recovery of your losses.

The Schall Law Firm represents investors worldwide and specializes in securities class action lawsuits and related litigation.

Note that this press release may qualify as Attorney Advertising in certain jurisdictions in line with existing laws and ethical guidelines.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250127873747/en/

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]