
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]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from March 14, 2024, to August 7, 2024 [3]. - Allegations include that the defendants made materially false and misleading statements, failed to disclose that: - Increasing consumer engagement resulted in higher consumer incentives [3]. - The company could not increase its billings in line with the increased consumer engagement [3]. - There was a significant risk of slowing or declining revenue growth [3]. - Changes to the Ads Decision Engine caused "under-delivery" of budgets and customer billing estimates [3]. - Positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by March 25, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices [5]. - The firm is committed to ensuring companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].