Schall Law Firm Investigates Cardlytics for Potential Securities Violations

LOS ANGELES, Jan. 17, 2025 /PRNewswire/ — The Schall Law Firm, a national firm specializing in shareholder rights litigation, has initiated an investigation into Cardlytics, Inc. (“Cardlytics” or “the Company”) CDLX following potential violations of securities laws.

The focus of this investigation is on whether Cardlytics misled investors by issuing false statements or failing to disclose critical information. The Company reported its second-quarter financial results for 2024 on August 7, 2024, revealing a 9% decrease in revenue compared to the previous year. The CFO noted challenges due to slower billings growth and increased consumer incentives, stating, “while we observed strong growth in redemptions, our results were challenged… We remain confident that our improved balance sheet continues to support investment in the business.”

Shareholders who have experienced losses are encouraged to partake in this investigation.

For further information, interested investors can contact Brian Schall at the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, or call 310-301-3335 for a free consultation. Inquiries can also be made via the firm’s website at www.schallfirm.com or by email at [email protected].

The Schall Law Firm is dedicated to representing investors globally and focuses on securities class action lawsuits and shareholder rights litigation.

Note: This press release may be classified as Attorney Advertising in certain jurisdictions according to applicable legal and ethical standards.

CONTACT:

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

View original content to download multimedia: here

SOURCE The Schall Law Firm