The Schall Law Firm, renowned for its litigation stance on shareholder rights, is currently delving into claims concerning Cardlytics, Inc. (“Cardlytics” or “the Company”) bearing the ticker symbol CDLX on the NASDAQ, regarding possible violations of securities laws.
Market’s Discontent
Allegations revolve around potential misinformation disseminated by Cardlytics. Initially boasting their technology ventures as a monumental success, the bubble seemed to burst during the Company’s release of Q2 2024 financials on August 7, 2024. This report glaringly fell short of projections, leaving the previous claims precarious. The Company attributed the underperformance to abrupt amendments within its technology framework. During discussions with analysts, the Company’s top brass reluctantly acknowledged a prolonged awareness of prevailing technology shortcomings.
Persisting Investigations
Shareholders who faced losses are urged to partake in the ongoing scrutiny. By choosing to engage, affected parties can voice their concerns and seek potential remedies.
Seek Legal Counsel
Affected investors are encouraged to liaise with Brian Schall of the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, reachable at 310-301-3335 for a pro-bono consultation to explore their legal options. Alternatively, communication can be initiated through the firm’s website or via email.
The Schall Law Firm
A global entity, The Schall Law Firm specializes in representing investors in various regions, primarily in securities class action suits and disputes associated with shareholder rights.
Legal Disclaimer
Note that this publication may meet the criteria of Attorney Advertising in select jurisdictions following the relevant legislation and ethical codes.
View source version on businesswire.com:
Business Wire Link
