Important Notice for Shareholders of Cardlytics, Inc.
New York, NY, February 3, 2025 – The Gross Law Firm, a leading national shareholder rights law firm, announces that it is investigating potential securities fraud claims on behalf of shareholders of Cardlytics, Inc. (NASDAQ: CDLX).
The investigation focuses on alleged violations of federal securities laws during the Class Period, which in this context refers to the period from February 1, 2023 to August 3, 2023. Shareholders who purchased or otherwise acquired CDLX shares during the Class Period are encouraged to contact the firm.
What Happened to Cardlytics, Inc.?
Cardlytics is a leading marketing technology company that uses purchase data to help marketers identify, reach, and engage consumers. The investigation concerns potential misrepresentations and/or omissions related to the company’s financial performance and business prospects.
Who Can File a Lawsuit?
If you purchased or otherwise acquired CDLX shares during the Class Period, you may be a potential lead plaintiff in the securities class action. The lead plaintiff is usually the class member who files the first lawsuit in the case and acts on behalf of the entire class. The Gross Law Firm is committed to ensuring that all shareholders have the opportunity to share in the recovery of this action.
Next Steps
If you wish to serve as a lead plaintiff, you must move the Court no later than February 20, 2025. A lead plaintiff is usually the party that moves the Court first, and their choice is subject to court approval. You may retain counsel of your choice to represent you in the action.
Impact on Individual Shareholders
The potential for a successful securities fraud class action can lead to significant financial recovery for individual shareholders. If the case is successful, shareholders may be entitled to damages, which can include the difference between the purchase price and the value of their shares at the time of the fraudulent activity, as well as any losses resulting from the sale of shares based on the misrepresented information.
Impact on the World
Securities fraud can have far-reaching consequences, affecting not only individual investors but also the broader business community and the economy as a whole. By holding companies accountable for their actions, securities fraud class actions help to maintain the integrity of financial markets and promote investor confidence.
- Protects investors: Securities fraud class actions help to protect investors by holding companies accountable for misrepresentations and omissions.
- Deterring future fraud: Successful securities fraud class actions can deter future fraudulent activity by raising awareness and increasing the cost of such actions for companies.
- Preserving market integrity: Class actions help to preserve the integrity of financial markets by ensuring that companies provide accurate and truthful information to investors.
Contact The Gross Law Firm
If you wish to discuss this action or have any questions regarding this notice or your rights, please contact The Gross Law Firm by telephone at (888) 222-8009, or by email at [email protected]. You can also find more information about the firm and its representation of shareholders at
The Gross Law Firm represents investors worldwide, and its attorneys are admitted to practice in New York, Delaware, and numerous other jurisdictions. The firm is committed to providing its clients with exceptional representation, and its attorneys have a proven track record of success in securities fraud class actions.
Conclusion
The Gross Law Firm is investigating potential securities fraud claims on behalf of shareholders of Cardlytics, Inc. (NASDAQ: CDLX) who purchased shares during the Class Period. If you are a shareholder and wish to discuss your rights or have any questions, please contact the firm. Securities fraud class actions can lead to significant financial recovery for individual shareholders and help to maintain the integrity of financial markets.
