Rosen Law Firm Reminds Five9 Investors of Class Action Deadline

NEW YORK, Dec. 22, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a well-known global investor rights law firm, is alerting purchasers of Five9, Inc. (NASDAQ:FIVN) securities, including call options, that they may have a claim in a class action lawsuit. This applies to those who purchased shares between June 4, 2024 and August 8, 2024, known as the "Class Period." Investors should be aware of the February 3, 2025 lead plaintiff deadline.

If you acquired Five9 securities during the Class Period, you might be eligible for compensation with no upfront costs, as the firm operates under a contingency fee arrangement.

How to Participate in the Class Action

To be part of the Five9 class action, interested investors can visit this link or contact Phillip Kim, Esq. at 866-767-3653, or via email at [email protected]. A class action lawsuit has already started, and those wishing to take on the role of lead plaintiff must file their application with the court by February 3, 2025. The lead plaintiff acts as the main representative for other class members during the litigation process.

Why Choose Rosen Law Firm

It is crucial for investors to select experienced legal counsel. Rosen Law Firm emphasizes that many firms sending notifications lack the expertise needed for effective litigation and often serve as intermediaries rather than actual litigators. The Rosen Law Firm has represented numerous investors worldwide, specializing in securities class actions and shareholder derivative litigation. They have a strong history of successful settlements, including one of the largest class action settlements against a Chinese company at that time. In 2017, Rosen Law Firm was ranked first by ISS Securities Class Action Services for the number of settlements. Since 2013, they have consistently ranked in the top four and have recovered hundreds of millions for investors.

Details About the Case

The lawsuit alleges that during the Class Period, Five9 and its representatives made misleading statements about the company's performance. Specifically, they claimed that Five9's new business growth was strong and not affected by external economic factors. However, evidence suggests that the company faced challenges with customer budgets and booking issues, which contradicted these claims. This misrepresentation resulted in investor losses once the truth became public.

Investors wishing to join the Five9 class action can find more information through the same contact methods detailed previously. It is important to note that a class has not yet been certified. Until certification is complete, individuals must retain their own counsel to be represented in the class action. Investors may also choose to remain class members without taking further action. Participation in any future recovery doesn't depend on serving as lead plaintiff.

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