Cardlytics(CDLX) Prnewswire·2025-02-13 10:45Core Viewpoint - The Gross Law Firm is notifying shareholders of Cardlytics, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions during a specified class period [1][2]. Group 1: Allegations - The complaint alleges that during the class period from March 14, 2024, to August 7, 2024, the defendants made materially false and misleading statements [2]. - Key allegations include that increasing consumer engagement led to higher consumer incentives, but the company could not increase its billings accordingly, posing a risk of revenue growth slowing or declining [2]. - The changes to the Ads Decision Engine resulted in "under-delivery" of budgets and customer billing estimates, further misleading investors about the company's business prospects [2]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is March 25, 2025, and they are encouraged to register to monitor the case's progress [3]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [3]. - There is no cost or obligation for shareholders to participate in this case [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices [4]. - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [4].