NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securitie ...

CANNOT VIEW THIS VIDEO? PLEASE CLICK HERE or go to: https://youtu.be/MVbQwTvArKo RADNOR, Pa., June 3, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Fastly, Inc. ("Fastly") (NYSE: FSLY). The action charges Fastly with violations of the federal securities laws, including omissions and fraudulent misrepresentations r ...

Core Viewpoint - A class action lawsuit has been filed against Fastly, alleging that the company made false statements regarding its growth and financial position, leading to significant losses for investors [2][3]. Group 1: Lawsuit Details - A shareholder filed a class action on behalf of individuals and entities that purchased or acquired shares of Fastly between February 15, 2024, and May 1, 2024 [1]. - The complaint alleges that Fastly experienced a significant deceleration in growth among its largest customers and was losing market share gained from the 2023 CDN consolidation trend [2]. - The lawsuit claims that these issues would materially negatively impact the company's revenue growth and that Fastly was unlikely to meet its previously issued revenue guidance for FY 2024 [2]. Group 2: Impact on Investors - Following the revelation of these issues, Fastly's common stock declined sharply, resulting in injuries to investors [3]. - The Portnoy Law Firm has a history of recovering over $5.5 billion for aggrieved investors, indicating a potential for recovery for those affected by the alleged corporate wrongdoing [3].

Core Viewpoint - A class action lawsuit has been filed against Fastly, Inc. for alleged violations of federal securities laws during the specified Class Period, indicating potential legal and financial repercussions for the company [1][2]. Group 1: Lawsuit Details - The lawsuit was initiated by Lowey Dannenberg P.C. on behalf of investors who purchased Fastly common stock between February 15, 2024, and May 1, 2024 [1]. - The complaint alleges that Fastly made false or misleading statements regarding its growth and market share, particularly among its largest customers [2]. - It is claimed that Fastly's revenue growth was negatively impacted, leading to an inability to meet previously issued revenue guidance for FY 2024 [2]. Group 2: Impact on Investors - Following the revelation of the truth regarding Fastly's financial situation, the company's stock experienced a significant decline, resulting in losses for investors [3]. - Investors who suffered losses exceeding $50,000 are encouraged to participate in the lawsuit, with a deadline for Lead Plaintiff applications set for July 23, 2024 [3]. Group 3: Firm Background - Lowey Dannenberg is noted for representing both institutional and individual investors who have faced financial losses due to corporate fraud and violations of federal laws [4]. - The firm has a history of prosecuting multi-million-dollar lawsuits and has successfully recovered billions for its clients [4].

Core Viewpoint - A securities fraud lawsuit has been filed against Fastly, Inc. and its executives, alleging misrepresentation regarding customer acquisition and revenue growth expectations for 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fastly misrepresented its growth prospects, stating that new customer acquisition would drive revenue growth in 2024, while the company was actually experiencing a significant slowdown in growth from its largest customers [2]. - On May 1, 2024, Fastly revised its FY 2024 revenue guidance downward by $35 million, attributing the disappointing outlook primarily to revenue declines from a small number of its largest customers [2]. - Following the announcement of the revised guidance, Fastly's stock price fell by 32% [2]. Group 2: Eligibility and Actions - Investors who purchased Fastly common stock between February 15, 2024, and May 1, 2024, and have incurred losses may be eligible to participate in the lawsuit [3]. - The deadline for seeking appointment as lead plaintiff is July 23, 2024, and a class has not yet been certified [4]. Group 3: Whistleblower Information - Individuals with non-public information about Fastly are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 4: Firm Background - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].

NEW YORK, May 30, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Fastly, Inc. ("Fastly" or the "Company") (NYSE: FSLY) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 24-cv-03170, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Fastly securities between February 15, 2024 and May 1, 2024, both d ...

NEW YORK, May 30, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fastly, Inc. ("Fastly" or the "Company") (NYSE: FSLY) of a class action securities lawsuit. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a t ...

WHAT TO DO NEXT: To join the Fastly class action, go to https://rosenlegal.com/submit-form/? case_id=25511 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 23, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors ...

Core Viewpoint - A securities fraud lawsuit has been filed against Fastly, Inc. and its executives, alleging misrepresentation regarding customer acquisition and revenue growth expectations for 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fastly misled investors by stating that new customer acquisition would drive revenue growth in 2024, while the company was actually experiencing a significant slowdown in growth from its largest customers [2]. - On May 1, 2024, Fastly revised its FY 2024 revenue guidance downward by $35 million, attributing the disappointing outlook primarily to reduced revenue from a small number of its largest customers [2]. - Following the announcement of the revised guidance, Fastly's stock price fell by 32% [2]. Group 2: Investor Eligibility - Investors who purchased Fastly common stock between February 15, 2024, and May 1, 2024, and have experienced a decline in their shares may be eligible to participate in the lawsuit, regardless of whether they have sold their investment [3]. Group 3: Next Steps for Investors - The deadline for investors to seek appointment as lead plaintiff is July 23, 2024, and a class has not yet been certified [4]. - Investors who have lost money on their investment are encouraged to contact Block & Leviton for more information [4]. Group 4: Whistleblower Information - Individuals with non-public information about Fastly are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, which may offer rewards of up to 30% of any successful recovery [5]. Group 5: Firm Background - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].

NEW YORK, May 28, 2024 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Fastly, Inc. ("Fastly" or "the Company") (NYSE: FSLY) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Fastly securities between February 15, 2024 an ...