Core Viewpoint - A securities class action lawsuit has been filed against Five9, Inc. for failing to disclose material information during the class period, which led to significant financial losses for investors [3][4]. Group 1: Lawsuit Details - Investors have until February 3, 2025, to file lead plaintiff applications in the lawsuit against Five9, Inc. for securities purchased between June 4, 2024, and August 8, 2024 [1][2]. - The lawsuit is pending in the United States District Court for the Northern District of California, under the case name Lucid Alternative Fund, LP v. Five9, Inc., et al., No. 24-cv-8725 [6]. Group 2: Financial Impact - On August 8, 2024, Five9 announced its 2Q 2024 financial results, which included cuts to its annual revenue guidance and a change in assumptions regarding customer retention rates due to economic conditions [4]. - Following this announcement, Five9's share price dropped over 26%, from $42.47 on August 8, 2024, to $31.22 on August 9, 2024, with unusually high trading volume [5].
FIVE9 SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Five9, Inc. - FIVN