New York, New York–(Newsfile Corp. – January 21, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, reminds buyers of securities, including call options, of Five9, Inc. (NASDAQ: NASDAQ: ) between June 4, 2024 and August 8, 2024, both dates inclusive (the “Class Period”), of material The lead plaintiff deadline is February 3, 2025.
SO WHAT: If you purchased Five9 securities during the Class Period, you may be entitled to compensation without paying any out-of-pocket fees or expenses through an extraordinary fee arrangement.
WHAT TO DO NEXT: To join the Five9 class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=32046 or call Phillip Kim, Esq. For class action information, call toll-free at 866-767-3653 or email case@rosenlegal.com. A class action lawsuit has already been filed. If you want to serve as a lead prosecutor, you must go to court no later than February 3, 2025. The lead plaintiff is the representative party acting on behalf of the other class members in the litigation.
WHY ROSEN'S LAW: We encourage investors to select a qualified advisor with a track record of success in leadership roles. Notifying firms often do not have comparable experience, resources, or any meaningful mutual recognition. Many of these firms do not actually litigate securities class actions, but are merely intermediaries who refer clients or partners to the law firms that actually litigate. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivative litigation. The Rosen law firm achieved the largest securities class action settlement against a Chinese company at the time. Rosen Law Firm ranked #1 by ISS Securities Class Action (WA:) Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Law 360 Titan of Litigation. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, during the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Five9's net new business was not “strong regardless of macro” and was actually hampered by macroeconomic issues such as limited and controlled customer budgets ; (2) Five9 was in the midst of a challenging bookings quarter, due in part to sales execution and efficiency issues, and Five9 “wasn't seeing very strong bookings momentum”; and (3) the defendants did not have “sufficient information as to ․ [their] of existing customers that will be onboarded,” so the statement that Five9 would see a positive change in dollar-based retention rates lacked a reasonable basis. When the true details entered the market, the lawsuit alleges, investors suffered damages.
To join the Five9 class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=32046 or call Phillip Kim, Esq. For class action information, call toll-free at 866-767-3653 or email case@rosenlegal.com.
No class has been certified. Until the class is certified, you are not represented by an attorney unless you retain one. You can choose an advisor of your choice. You can also remain an absent member of the class and do nothing at this time. An investor's ability to participate in any future recovery does not depend on whether it is the lead plaintiff.
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