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Cardlytics, Inc. entered into a settlement agreement on September 4, 2026, with Amit Jain, founder and former CEO of…
CDLXCardlytics, Inc.
Cardlytics, Inc. entered into a settlement agreement on September 4, 2026, with Amit Jain, founder and former CEO of Bridg, Inc., to resolve claims for advancement and indemnification related to the DailyGobble litigation. The aggregate settlement amount is $6.4 million, covering Mr. Jain's allocated portion of the DailyGobble Action settlement ($5.3 million) and associated legal fees ($1.1 million). This figure aligns with the $6.5 million accrual recorded by the Company as of June 30, 2026. Cardlytics operates in the digital marketing industry, providing location-based advertising solutions for retailers.