FIVE9 SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Five9, Inc. – FIVN

NEW ORLEANS, Dec. 18, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder data service, reminds traders that they’ve till February 3, 2025 to file lead plaintiff functions in a securities class motion lawsuit in opposition to Five9, Inc. (the “Firm”) (NasdaqGM: FIVN), in the event that they bought the Firm’s securities, together with name choices, between June 4, 2024 and August 8, 2024, inclusive (the “Class Interval”). This motion is pending in the US District Courtroom for the Northern District of California.

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Five9 traders ought to go to us at https://claimsfiler.com/cases/nasdaq-fivn/ or name toll-free (844) 367-9658. Attorneys at Kahn Swick & Foti, LLC can be found to debate your authorized choices.

In regards to the Lawsuit

Five9 and sure of its executives are charged with failing to reveal materials data in the course of the Class Interval, violating federal securities legal guidelines.

On August 8, 2024, post-market, the Firm introduced its 2Q 2024 monetary outcomes, disclosing cuts to its annual income steerage and that it was “not assuming” a greenback based mostly retention price inflection within the second half of the 12 months, attributable to “constrained and scrutinized” buyer budgets and “unsure financial circumstances,” amongst different components, opposite to its prior representations.

On this information, the worth of Five9’s shares fell over 26%, from $42.47 per share on August 8, 2024 to $31.22 per share on August 9, 2024, on unusually excessive buying and selling quantity.

The case is Lucid Various Fund, LP v. Five9, Inc., et al., No. 24-cv-8725.

About ClaimsFiler

ClaimsFiler has a single mission: to function the knowledge supply to assist retail traders recuperate their share of billions of {dollars} from securities class motion settlements. At ClaimsFiler.com, traders can: (1) register free of charge to realize entry to data and settlement web sites for numerous securities class motion circumstances to allow them to well timed submit their very own claims; (2) add their portfolio transactional information to be notified about related securities circumstances wherein they could have a monetary curiosity; and (3) submit inquiries to the Kahn Swick & Foti, LLC regulation agency free of charge case evaluations.

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