COMPANY |
Cardlytics, Inc. |
COURT |
United States District Court for the Northern District of Georgia |
CASE NUMBER |
1:25-cv-00279 |
JUDGE |
The Hon. Mark Howard Cohen |
CLASS PERIOD |
March 14, 2024, through August 7, 2024 |
SECURITY TYPE |
Securities |
LEAD PLAINTIFF DEADLINE IS MARCH 25, 2025.
If you have suffered losses and would like to discuss your rights, please fill out this form or you may contact Jonathan Naji, Esq. at (484) 270-1453 or via e-mail at info@ktmc.com.
Case Background:
A class action lawsuit has been filed on behalf of those who purchased or otherwise acquired Cardlytics, Inc. (“Cardlytics”) (NASDAQ: CDLX) securities between March 14, 2024, and August 7, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) increasing consumer engagement led to an increase in consumer incentives; (2) Cardlytics could not increase its billings commensurate with the increased consumer engagement; (3) as a result, there was a significant risk that Cardlytics’ revenue growth would slow or decline; (4) the changes to Cardlytics’ Ads Decision Engine, which led to increased consumer engagement, resulted in the “underdelivery” of budgets and customers billing estimates; and (5) as a result of the foregoing, Defendants’ positive statements about Cardlytics’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
What is a Lead Plaintiff?
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Filling out the online form above or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.