Analyzing Allegations Against Cardlytics, Inc.
LOS ANGELES
,
Aug. 22, 2024
–
The Schall Law Firm, renowned for protecting shareholder rights, has commenced an investigation concerning Cardlytics, Inc. (“Cardlytics” or “the Company”) under the ticker CDLX on the NASDAQ for possible violations of security laws.
Examinations will determine whether the Company disseminated inaccurate or incomplete information to shareholders. Cardlytics, not long ago, boasted that its technological undertakings aimed at optimum results. However, the Company’s fiscal outcomes for Q2 2024, uncovered on August 7, 2024, substantially undershot its forecasts from a mere three months prior.
The Company attributed the underperformance to “swift modifications to our tech infrastructure.” Upon interrogation by analysts, the Company’s top brass acknowledged that the tech woes had been apparent for “a quarter or two.”
Shareholders who incurred losses are urged to participate. The Schall Law Firm’s Brian Schall can be reached at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, or via telephone at 310-301-3335 for a cost-free consultation. Inquiries can also be made through the firm’s website.
A global legal player, The Schall Law Firm primarily handles class action suits on securities and shareholder rights litigations.
Kindly note, this communication may be construed as Attorney Advertising in certain jurisdictions under applicable legal guidelines and ethical standards.
For further information, including updates and multimedia, feel free to visit the Schall Law Firm’s original content link.
SOURCE: The Schall Law Firm