Important Notice for Shareholders of Cardlytics, Inc.
New York, NY, March 3, 2025 – The Gross Law Firm, a leading securities fraud class action law firm, notifies shareholders of Cardlytics, Inc. (NASDAQ: CDLX) that the firm is investigating potential securities fraud claims on behalf of purchasers of the Company’s securities during the period from February 1, 2023, to November 1, 2024. If you purchased shares of CDLX during this class period, you may contact the firm to discuss your potential role as a lead plaintiff.
Background
Cardlytics, Inc. is a leading provider of digital marketing solutions that use purchase data to help marketers identify, reach, and influence consumers. The Company’s solutions are designed to enable marketers to create highly targeted and effective digital advertising campaigns. The investigation concerns whether Cardlytics and certain of its executives and directors violated federal securities laws by making false and misleading statements and failing to disclose material information to investors.
Allegations
The Gross Law Firm’s investigation focuses on whether Cardlytics and its executives and directors made false and misleading statements and failed to disclose material information about the Company’s financial condition and business prospects. Specifically, the investigation concerns whether the Company and its executives and directors: 1) misrepresented the Company’s financial performance and growth prospects, 2) failed to disclose the true state of the Company’s business, and 3) made false and misleading statements regarding the Company’s relationships with key customers and partners.
Potential Impact on Shareholders
The investigation may have significant implications for CDLX shareholders. If the allegations are proven true, shareholders may be able to recover their losses through a securities fraud class action lawsuit. The lead plaintiff, or the plaintiff with the largest financial stake in the case, plays a critical role in the litigation process. The lead plaintiff helps shape the direction of the case, and the settlement or recovery obtained will be distributed to all class members.
Potential Impact on the World
The investigation into Cardlytics, Inc. is a reminder of the importance of transparency and accuracy in corporate reporting. The allegations, if proven true, could harm the reputation of the Company and potentially erode investor confidence in the digital marketing industry as a whole. Furthermore, the outcome of the investigation could set a precedent for future securities fraud cases, potentially leading to increased scrutiny and accountability for publicly traded companies.
Conclusion
The Gross Law Firm’s investigation into potential securities fraud at Cardlytics, Inc. highlights the importance of accurate and transparent reporting by publicly traded companies. Shareholders who purchased CDLX securities during the class period listed above and are interested in discussing their potential role as a lead plaintiff are encouraged to contact the firm. The outcome of this investigation could have far-reaching implications for the digital marketing industry and the securities market as a whole.
- Shareholders of Cardlytics, Inc. who purchased securities during the class period listed above are encouraged to contact The Gross Law Firm regarding potential lead plaintiff appointment.
- The investigation concerns potential securities fraud claims against Cardlytics and certain executives and directors.
- The allegations include misrepresentations of financial performance, failure to disclose material information, and false statements regarding relationships with key customers and partners.
- The potential impact on shareholders includes the possibility of recovering losses through a securities fraud class action lawsuit.
- The potential impact on the world includes increased scrutiny and accountability for publicly traded companies and potential harm to the reputation of the digital marketing industry.
