Cardlytics, Inc. Class Action Lawsuit - CDLX

The filed complaint alleges that Cardlytics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) increasing consumer engagement led to an increase in consumer incentives; (2) the Company could not increase its billings commensurate with the increased consumer engagement; (3) as a result, there was a significant risk that its revenue growth would slow or decline; (4) the changes to Ads Decision Engine, which led to increased consumer engagement, led to the “under-delivery” of budgets and customers billing estimates; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the CDLX class action lawsuit, you must have incurred a loss on shares of Cardlytics purchased during the class period listed above.

If you suffered a loss in Cardlytics during the relevant time frame or pursuant to the relevant offering(s), you have until March 25, 1800 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.