Cardlytics, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - CDLX

Core 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]. Group 1: Class Action Details - The class period for the lawsuit is from March 14, 2024, to August 7, 2024 [2]. - Allegations include that the company failed to disclose that increased consumer engagement led to higher consumer incentives, and that it could not increase billings in line with this engagement [2]. - There is a significant risk that revenue growth may slow or decline due to these factors, and the changes to the Ads Decision Engine resulted in "under-delivery" of budgets and customer billing estimates [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by March 25, 2025, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].