Cardlytics(CDLX) Prnewswire·2025-03-03 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Cardlytics, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions during a specified class period [1][2]. Allegations - The complaint alleges that during the class period from March 14, 2024, to August 7, 2024, the defendants made materially false and/or misleading statements [1]. - Key allegations include: - Increasing consumer engagement led to an increase in consumer incentives [1]. - The company was unable to increase its billings in line with the increased consumer engagement [1]. - There was a significant risk that revenue growth would slow or decline as a result [1]. - Changes to the Ads Decision Engine resulted in "under-delivery" of budgets and customer billing estimates [1]. - Defendants' positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [1]. Next Steps for Shareholders - Shareholders who purchased shares of CDLX during the specified timeframe are encouraged to register for the class action by March 25, 2025 [2]. - Registration allows shareholders to be enrolled in a portfolio monitoring software for status updates throughout the case [2]. 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 [3]. - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].