Loyalty Ventures Inc. (LYLT)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Loyalty Ventures Inc. ("Loyalty" or "the Company") (NASDAQ: LYLT). Investors who purchased Loyalty securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Loyalty and certain of its officers and/or directors have violated federal securities laws.
On June 8, 2022, Loyalty issued a press release “disclos[ing] that its AIR MILES Reward Program segment and AIR MILES’ Sponsor, Sobeys were unable to align on extension terms; consequently, Sobeys provided notice of its intent to exit the program on a region-by-region basis, beginning with Atlantic Canada, between August and the first quarter of 2023.” On this news, Loyalty’s stock price fell $5.01 per share, or 45.42%, to close at $6.02 per share on June 8, 2022.
If you are aware of any facts relating to this investigation or purchased Loyalty shares you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.