Investors Alerted to Class Action Against Cardlytics, Inc.

LOS ANGELES, Jan. 30, 2025 /PRNewswire/ — The Schall Law Firm, a national firm focusing on shareholder rights litigation, is reminding investors about a class action lawsuit against Cardlytics, Inc. (“Cardlytics” or “the Company”) CDLX. This lawsuit concerns potential breaches of §§10(b) and 20(a) of the Securities Exchange Act of 1934, along with Rule 10b-5 created by the U.S. Securities and Exchange Commission.

Potential Class Period Defined

Investors who bought the Company’s securities from March 14, 2024, to August 7, 2024 (the “Class Period”) are encouraged to contact the firm before March 25, 2025.

How to Participate

Shareholders who believe they experienced losses can find out more information about participating in the lawsuit by clicking here.

Free Consultations Available

Contact Brian Schall of the Schall Law Firm at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. You can reach him at 310-301-3335 or visit the firm’s website at www.schallfirm.com for additional support or to send an email to bschall@schallfirm.com.

Class Status and Claims

As of now, the class has not yet received certification. Until that happens, you will not be represented by an attorney. If you do not take any action, you will remain an absent class member.

Allegations Against Cardlytics

The Complaint states that Cardlytics made false and misleading statements which affected the market. Although the company saw increased consumer incentives due to higher engagement, it did not raise its billings accordingly. This discrepancy raised concerns about potential slowing revenue growth. Furthermore, the revised Ads Decision Engine resulted in “under-delivery” of budgets and billing estimates. Consequently, the Company’s statements during the class period were found to be false and materially misleading. When the truth came to light, it led to significant damages for investors.

Join the Lawsuit

If you’ve suffered losses, consider joining the case to recover your investments.

The Schall Law Firm is dedicated to representing investors globally and specializes in securities class action lawsuits and shareholder rights.

This press release may be considered Attorney Advertising in certain jurisdictions under applicable law and ethical rules.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

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SOURCE The Schall Law Firm