investors can Contact the law firm for free to learn more about recovering their losses

LOS ANGELES, April 28, 2023 (GLOBE NEWSWIRE) — The law firm of Portnoy advises Loyalty Ventures Inc. LYLTQ Investors that a lawsuit has been filed on behalf of investors who purchased Loyalty Securities between November 8, 2021 and June 7, 2022 inclusive (the “Collection Period”).

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or Click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

The lawsuit alleges that the defendants misled investors or failed to disclose important information. The allegations include that: (1) the Air Miles program was underfunded prior to the spin-off, (2) Sobeys had informed the defendants of its plans to exercise early termination rights, (3) the threat of Sobeys exiting in 2021 was leading Until the spin-off, (4) the exit of a major sponsor like Sobeys would have a “network effect” on the value of the entire Air Miles program, (5) Loyalty Ventures’ high leverage and debt obligations along with the impact of the “network effect” would pose a threat to the Company’s operations, and (6) as a result, Defendants’ positive statements about the Company’s financial outlook, business, operations and prospects were false and misleading or lacked a reasonable basis at all times relevant. The lawsuit alleges that investors suffered damage when the truth finally emerged.

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Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results not …