On March 3, 2025, the Gross Law Firm alerted shareholders of Cardlytics, Inc. (NASDAQ: CDLX) about an impending deadline for joining a class action lawsuit. Shareholders who purchased shares between March 14, 2024, and August 7, 2024, are particularly urged to consider their options regarding potential claims. As part of the announcement, the law firm emphasized that even if an individual does not wish to seek lead plaintiff status, they are still encouraged to register for the class action, as there is no requirement to take on a leading role in the case.
The allegations center around claims that during the specified class period, the defendants issued materially false or misleading statements. It is said that Cardlytics failed to adequately disclose that consumer engagement metrics were leading to a necessary increase in consumer incentives. Furthermore, despite a rise in consumer engagement, the company could not align its billing practices with this growth, which posed a risk of stifled revenue growth.
Shareholders are advised that the deadline for participating in this class action is March 25, 2025. Those interested should not hesitate in providing their information via the dedicated registration form available through the firm's website. By registering, participants will receive access to portfolio monitoring services that offer updates and details as the case progresses.
The Gross Law Firm, known for protecting shareholders' rights against misleading corporate practices, underscores the importance of this initiative, especially for investors impacted by the alleged misinformation during the class period. Their commitment to advocating for responsible business practices serves as an essential aspect of their mission to ensure ethical standards in corporate behavior. Shareholders who wish to engage with the proceedings or seek recovery for losses incurred should thoroughly evaluate their positions and consider acting swiftly to meet the deadlines.
The firm emphasizes that participating in this class action poses no costs or obligations to shareholders, ensuring wide accessibility for those affected by the situation. The importance of diligent participation cannot be understated, as it reflects larger concerns about corporate transparency and accountability within the financial markets. For shareholders of Cardlytics, Inc., this notice serves not only as a reminder but also as a vital opportunity to assert their rights and seek justice through legal avenues.
Anyone interested can find further details and submit their information via the following link:
Cardlytics Loss Submission Form. With this opportunity, shareholders are encouraged to review the pertinent details surrounding the lawsuit and the implications of their potential participation. The Gross Law Firm remains dedicated to supporting individuals in navigating the complexities of corporate fraud and legal representation.
In conclusion, the approaching deadline on March 25, 2025, marks a critical point for affected shareholders of Cardlytics, who are facing potential repercussions due to misleading corporate statements during the specified class period. Participation in this lawsuit could prove beneficial in seeking necessary recovery and holding the company accountable for their actions.