Levi & Korsinsky Notifies Cardlytics, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core 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][2] Group 1: Allegations and Claims - The lawsuit claims that the defendants made false statements regarding the impact of increasing consumer engagement, which led to higher consumer incentives [2] - It is alleged that the Company was unable to increase its billings in line with the increased consumer engagement, posing a risk of slowing or declining revenue growth [2] - The changes to the Ads Decision Engine, which were intended to boost consumer engagement, resulted in "under-delivery" of budgets and customer billing estimates [2] - As a consequence of these issues, the defendants' positive statements about the Company's business and prospects were misleading and lacked a reasonable basis [2] Group 2: Next Steps for Investors - Investors who suffered losses in Cardlytics during the specified timeframe have until March 25, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]