CDLX Investors Get Opportunity to Join Cardlytics, Inc. Securities Fraud Investigation with Schall Law Firm

Schall Law Firm, a national law firm focused on shareholder rights litigation, announces that it is investigating claims alleging violations of the securities laws on behalf of investors of Cardlytics, Inc. (“Cardlytics” or “the Company”) (NASDAQ: CDLX).

The investigation focuses on whether the company made false and/or misleading statements and/or failed to disclose information relevant to investors. Cardlytics told the market that its technology initiatives were “really paying off.” However, the company’s Q2 2024 financial results, released on August 7, 2024, fell significantly short of forecasts issued just three months earlier. The company blamed the shortfall on “rapid changes to our technology platform.” When interviewed by analysts, management admitted that the technology issues had been known for “a quarter or two.”