SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cardlytics, Inc. – CDLX

NEW YORK, Aug. 9, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Cardlytics, Inc. (“Cardlytics” or the “Company”) (NASDAQ: CDLX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Cardlytics and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

(Click here for information about joining the class action)

On August 7, 2024Cardlytics announced its second quarter 2024 financial results, revealing a 9% year-over-year decrease in revenue to $69.6 millionalongside a 3% in decline adjusted contribution to $36.4 million. The Company also disclosed that Karim Temsamani stepped down as Chief Executive Officer and from the Board of Directors.

On this news, Cardlytics’ stock price fell $3.94 per share, or 57.10%, to close at $2.96 per share on August 8, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Parisand Tel Avivis recognized as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantzknown as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraudbreaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-cardlytics-inc—cdlx -302219247.html

SOURCE Pomerantz LLP

The post SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cardlytics, Inc. – CDLX appeared first on The Malaysian Reserve.