Five9 Class Action Lawsuit: Important Investor Deadline Approaches
Important Alert for Five9 Investors
Kahn Swick & Foti, LLC (KSF), with former Louisiana Attorney General Charles C. Foti, Jr., is reaching out to investors who have experienced significant losses due to their involvement with Five9, Inc. (FIVN). As the deadline for filing lead plaintiff applications in a class action lawsuit approaches, investors are urged to review their options and potential legal remedies.
Background of the Case
The class action lawsuit against Five9 arises from allegations that the company and certain executives did not disclose crucial information during a specific period known as the “Class Period,” which extends from June 4, 2024, to August 8, 2024. This lawsuit is currently pending in the United States District Court for the Northern District of California.
On August 8, 2024, just after market close, Five9 revealed its financial results for the second quarter of 2024. This announcement included drastic cuts to its annual revenue projections and an update that the company would not be assuming a dollar-based retention rate improvement due to various economic pressures, including
Topics Financial Services & Investing）
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