ROSEN, GLOBAL INVESTOR ADVISOR, encourages Cardlytics, Inc. investors. to inquire about the securities class action investigation

New York, New York–(Newsfile Corp. – January 18, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities lawsuits on behalf of Cardlytics, Inc. shareholders. (NASDAQ: NASDAQ: ) arising out of allegations that Cardlytics may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Cardlytics securities, you may be entitled to compensation without paying any fees or out-of-pocket expenses through a contingency fee arrangement. The Rosen law firm is preparing a class action lawsuit seeking the return of investors’ losses.

WHAT TO DO NEXT: To join a possible class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=33595 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.

WHAT IT IS ABOUT: On August 7, 2024, after market hours, Cardlytics reported its results for the second quarter of 2024. In the relevant part, Cardlytics reported a 9% decrease in revenue compared to last year. Commenting on these results, the release quoted Cardlytics’ chief financial officer as saying, “[w]while we saw strong buy-in growth, our results were challenged by slower-than-expected collection growth combined with higher consumer incentives[.] We remain confident that our improved balance sheet continues to support investment in the business.”

Following this news, Cardlytics’ share price fell 57.1% on August 8, 2024.

WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in successful leadership roles. Often the companies issuing the notices do not have comparable experience, resources or any significant recognition from their peers. Many of these companies do not actually initiate securities class action lawsuits. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and equity derivative litigation. The Rosen Law Firm secured the largest securities class action settlement to date against a Chinese company at the time. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (WA:) Services for numerous securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Law360 Claimant Bar Association Titan. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

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Advertising of lawyers. Previous results do not guarantee a similar outcome.

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To view the original version of this press release, visit https://www.newsfilecorp.com/release/237715