NEW YORK, May 27, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Loyalty Ventures, Inc. (“Loyalty Ventures” or the “Company”) LYLTQ. Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation addresses whether Loyalty Ventures and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On June 8, 2022, Loyalty Venture issued a press release announcing that “its segment of the AIR MILES® rewards program and the sponsor of AIR MILES, Sobeys, have been unable to agree on the terms of renewal; therefore, on June 7, 2022, Sobeys communicated its intention to exit the program on a regional basis.

As a result of this news, Loyalty Ventures stock price fell $5.01 per share, or 45.42%, to close on June 8, 2022 at $6.02 per share.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Pomerantz was founded by the late Abraham L. Pomerantz, Dean of the Class Bar Association, and pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The company has filed numerous multimillion-dollar claims on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980