Source: Openpr

Cardlytics: Investigation announced for Long-Term Investors who hold shares of Cardlytics, Inc. (NASDAQ: CDLX) over possible Wrongdoing

An investigation was announced for current long-term investors in shares of Cardlytics, Inc. (NASDAQ: CDLX) concerning potential breaches of fiduciary duties by certain directors of Cardlytics, Inc. Investors who are current long term investors in Cardlytics, Inc. (NASDAQ: CDLX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NASDAQ: CDLX stocks follows a lawsuit filed against Cardlytics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CDLX stocks, concerns whether certain Cardlytics, Inc. directors are liable in connection with the allegations made in that lawsuit. According to that complaint filed in the U.S. District Court for the Northern District of Georgia the plaintiff alleges that, the Defendants failed to disclose to investors: (1) increasing consumer engagement led to an increase in consumer incentives; (2) that the Company could not increase its billings commensurate with the increased consumer engagement; (3) that, as a result, there was a significant risk that its revenue growth would slow or decline; (4) that the changes to ADE, which led to increased consumer engagement, led to the "under-delivery" of budgets and customers billing estimates; and (5) that, 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. Those who purchased shares of Cardlytics, Inc. (NASDAQ: CDLX) have certain options and should contact the Shareholders Foundation. Contact: Michael Daniels Shareholders Foundation, Inc. 3111 Camino Del Rio North Suite 423 San Diego, CA 92108 Tel: +1-(858)-779-1554 E-Mail: mail@shareholdersfoundation.com About Shareholders Foundation, Inc. The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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Annual Revenue
$100-500M
Employees
250-500
Amit Gupta's photo - CEO of Cardlytics

CEO

Amit Gupta

CEO Approval Rating

82/100

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