#USA #New York #Class Action #Gross Law Firm #Five9 Inc

Gross Law Firm Issues Notice to Five9, Inc. Shareholders

The Gross Law Firm is bringing attention to shareholders of Five9, Inc. (NASDAQ: FIVN) concerning a recent class action lawsuit and an approaching deadline. Investors who purchased shares of FIVN between June 4, 2024, and August 8, 2024, are encouraged to reach out to the firm for potential appointment as lead plaintiff. However, it is crucial to clarify that being a lead plaintiff is not a prerequisite to participate in any recovery.

Background on the Allegations

The lawsuit alleges that during the specified class period, the defendants made materially false statements and omitted significant information, which misled investors. Key allegations include:

1. Five9's reported net new business performance was claimed to be strong, which was contradicted by actual macroeconomic conditions that constrained customer budgets.
2. The company faced challenges during the bookings quarter, attributed to poor sales execution and operational efficiency.
3. Statements regarding a positive inflection in the dollar-based retention rate lacked substantial evidence, raising questions about the management's visibility into customer transitions.

Important Dates for Investors

The deadline for shareholders to join this class action and potentially seek lead plaintiff status is February 3, 2025. It is imperative for affected investors to register promptly to ensure they are included in the ongoing legal proceedings.

Once registered, shareholders can utilize monitoring software that keeps them informed on the case's progress, ensuring they have updated information throughout the litigation process.

Steps for Participation

Interested shareholders can register their details through the link provided by The Gross Law Firm. This service is free of charge and obligates no one to partake in the lawsuit unless they choose to proceed.

Why Choose The Gross Law Firm?

The Gross Law Firm is well-regarded nationally for its focus on class action litigation and has a robust mission to safeguard the rights of investors. Their commitment lies not only in pursuing legal recourse for those impacted by corporate fraud but also in promoting ethical business practices among firms.

By pursuing this case, they aim to secure recovery for individuals who have suffered losses due to deceptive corporate conduct leading to inflated stock prices. It's a call to action for all shareholders who may have been impacted by the situation at Five9, Inc.

Conclusion

In tumultuous times when trust in corporate behavior is vital, investors must stay informed and proactive. The Gross Law Firm provides the necessary resources and support for affected individuals to navigate this complex landscape. For more information and updates, interested parties are encouraged to visit the firm's website and stay engaged with the ongoing developments regarding Five9, Inc.

For assistance, you can contact The Gross Law Firm at their New York office:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903

This initiative reflects a broader need within the investment community to address issues of accountability and integrity among publicly traded companies.