Security Investigation
Five9, Inc. (NasdaqGM: FIVN)
35 Days left to seek lead plaintiff status.
Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 3, 2025 to file lead plaintiff applications in a securities class action lawsuit against Five9, Inc. (the “Company”) (NasdaqGM: FIVN).
Five9 and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 8, 2024, post-market, the Company announced its 2Q 2024 financial results, disclosing cuts to its annual revenue guidance and that it was “no longer assuming” a dollar based retention rate inflection in the second half of the year, due to “constrained and scrutinized” customer budgets and “uncertain economic conditions,” among other factors, contrary to its prior representations.
On this news, the price 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 high trading volume.
If you purchased securities of Five9 and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Lucid Alternative Fund, LP v. Five9, Inc., et al., No. 24-cv-8725.