Cardlytics(CDLX) Prnewswire·2025-02-21 10:45Core Viewpoint - A class action securities lawsuit has been filed against Cardlytics, Inc. for alleged securities fraud affecting investors between March 14, 2024, and August 7, 2024 [1] Group 1: Allegations of Fraud - The lawsuit claims that Cardlytics made false statements regarding consumer engagement and its ability to increase billings in line with that engagement [2] - It is alleged that there was a significant risk of slowing or declining revenue growth due to these misleading statements [2] - The changes to the Ads Decision Engine, which were supposed to enhance consumer engagement, resulted in "under-delivery" of budgets and customer billing estimates [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 25, 2025, to request to be appointed as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]