ROSEN, LEADING TRIAL ATTORNEYS, Encourages Five9, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FIVN

Class Action Lawsuit Details - A class action lawsuit has been filed against Five9, Inc (NASDAQ: FIVN) for purchasers of securities, including call options, between June 4, 2024, and August 8, 2024 [1] - The lawsuit alleges that during the Class Period, Five9 made false and/or misleading statements and/or failed to disclose material information regarding its net new business, bookings momentum, and customer retention rate [5] - Investors who purchased Five9 securities during the Class Period may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement [2] Five9's Alleged Misrepresentations - Five9's net new business was not "strong irrespective of the macro" and was hampered by macroeconomic issues such as constrained and scrutinized customer budgets [5] - Five9 was in the midst of a challenging bookings quarter due to sales execution and efficiency issues, and was not "seeing very strong bookings momentum" [5] - The company did not have sufficient information about existing customers going live, making statements about a positive inflection in its dollar-based retention rate lack a reasonable basis [5] Legal Representation and Next Steps - The Rosen Law Firm is encouraging investors to join the class action and may serve as lead plaintiff if they move the Court no later than February 3, 2025 [3] - Investors can join the class action by visiting the provided website or contacting Phillip Kim, Esq at the Rosen Law Firm [3][6] - The Rosen Law Firm has a track record of success in securities class actions, including achieving the largest ever securities class action settlement against a Chinese company and securing over $438 million for investors in 2019 [4] Additional Information - No class has been certified yet, and investors are not represented by counsel unless they retain one [7] - Investors may select counsel of their choice or remain an absent class member, with their ability to share in any potential future recovery not dependent upon serving as lead plaintiff [7]