Friday, 21 February 2025 10:15 AM
Class Action
PHILADELPHIA, PA / ACCESS Newswire / February 21, 2025 / Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Cardlytics, Inc. ("Cardlytics" or the "Company") (NASDAQ:CDLX) who purchased or otherwise acquired Cardlytics stock shares between March 14, 2024 and August 7, 2024, inclusive (the "Class Period").
Investors who acquired Cardlytics stock during the Class Period with losses greater than $50,000 are encouraged to contact Kehoe Law Firm, P.C. or complete our Securities Questionnaire to reach an attorney to discuss their legal options.
Cardlytics Securities Fraud Class Action Lawsuit Allegations
A securities class action lawsuit has been filed against Cardlytics, alleging violations of federal securities laws. The complaint alleges that throughout the Class Period, the Cardlytics defendants failed to disclose material adverse facts to investors, including that increased consumer engagement led to an increase in consumer incentives; the Company was unable to increase billings in line with increased consumer engagement; and, as a result, there was a significant risk of slowing or declining revenue growth; and changes to its Ads Decision Engine ("ADE") contributed to the "under-delivery" of budgets and customer billing estimates.
Cardlytics Investors: Learn More About Your Legal Rights
Investors with losses exceeding $50,000 who acquired Cardlytics stock during the Class Period can contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], to learn more about the investigation and receive a free, no-obligation legal evaluation.
Investors have until March 25, 2025 to petition the Court for appointment as lead plaintiff. The Court typically appoints the investor with the largest financial interest who also meets the adequacy and typicality requirements. Shareholders who wish to discuss the lead plaintiff process should contact us.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and corporate misconduct. Our attorneys have served as Lead or Co-Lead Counsel in cases recovering over $10 billion on behalf of institutional and individual investors.
Our class action legal services are on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
This press release may constitute attorney advertising.
SOURCE: Kehoe Law Firm, P.C.