LOS ANGELES, Aug. 22, 2024 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cardlytics, Inc. (“Cardlytics” or “the Company”) (NASDAQ: CDLX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cardlytics claimed to the market that its technology initiatives were “really paying off.” But the Company’s Q2 2024 financial results, released on August 7, 2024, significantly missed its projections from just three months prior. The Company blamed the shortfall on “fast-paced changes to our technology platform.” When questions by analysts, the Company’s management admitted that its technology issues had been known for “a quarter or two.”
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE The Schall Law Firm
