Kirby McInerney LLP Continues Investigation of Shareholder Claims on Behalf of Loyalty Ventures Inc. (LYLT) Investors
Loyalty Ventures Inc. (LYLT)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Loyalty Ventures Inc. (“Loyalty Ventures” or the “Company”) (NASDAQ: LYLT). The investigation concerns whether Loyalty Ventures has violated the federal securities laws and/or engaged in other unlawful business practices.Loyalty Ventures provides consumer loyalty solutions. The Company owns and operates the AIR MILES Reward Program, an end-to-end loyalty platform; and BrandLoyalty, a campaign-based loyalty solution for grocers and other high-frequency retailers.On November 5, 2021, Loyalty Ventures became a publicly-traded company after its separation from Alliance Data Systems Corporation.On June 8, 2022, the Company disclosed 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
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