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Important Notice for Five9, Inc. Shareholders

Shareholders of Five9, Inc. (NASDAQ: FIVN) should take heed of an important notice issued by The Gross Law Firm. This alert is specifically directed at those who acquired shares between June 4, 2024, and August 8, 2024. If you are one of the eligible shareholders, the firm encourages you to reach out before February 3, 2025, to discuss your rights and potential involvement in legal proceedings.

During the specified class period, allegations have surfaced regarding materially false or misleading statements made by the company's leadership. These claims suggest that Five9’s business performance has been adversely affected by broader economic conditions, contrary to the company’s public assertions.

Key Allegations

The primary allegations include:
1. Misrepresentation of Business Strength: It is claimed that Five9’s net new business was not as robust as presented, being impacted by external economic factors such as tightened budgets among clients.
2. Sales Execution Issues: Notably, the firm faces scrutiny over its sales efficiency, suggesting that the company's bookings during this period were not indicative of healthy growth but rather challenged.
3. Inaccurate Retention Rate Projections: Statements regarding the improvement of dollar-based retention rates lacked sufficient foundation, raising questions about the reliability of the information shared with investors.

Next Steps for Shareholders

If you purchased shares of FIVN within the aforementioned time frame, it is critical that you register your information as soon as possible. By doing so, you will gain access to a portfolio monitoring system that keeps you updated on the status of the case. Furthermore, although you may not be required to take on the role of lead plaintiff to seek compensation, your timely registration is necessary to ensure your rights are protected.

Why Choose The Gross Law Firm?

The Gross Law Firm has established a reputation as a national leader in representing class action claims, advocating for the rights of investors who have experienced financial losses due to deceptive corporate behaviors. The firm's commitment is to foster accountability within corporations, ensuring that they follow ethical practices and fulfill their responsibilities to shareholders.

Contact Information

For questions or to confirm your participation, please reach out to:

• - Address: The Gross Law Firm, 15 West 38th Street, 12th Floor, New York, NY 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Don’t delay in protecting your shareholder rights. Register today and stay informed about the developments surrounding your investments. Remember, the deadline to seek lead plaintiff status is set for February 3, 2025.

Incorporating swift action into your response can be crucial in navigating the complexities of securities law and protecting your financial interests.