FIVN INVESTOR ALERT: Kirby McInerney LLP Notifies Five9, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit
Globenewswire·2025-01-08 01:00

Class Action Lawsuit - Kirby McInerney LLP reminds investors of the February 3, 2025 deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired Five9 securities during the period from June 4, 2024, to August 8, 2024 [1] Five9 Financial Performance - Five9 released its Q2 2024 financial results on August 8, 2024, cutting its annual revenue guidance and stating it was no longer assuming a positive inflection in its dollar-based retention rate (DBRR) in the second half of the year [3] - The company had a challenging bookings quarter due to constrained customer budgets and was taking remedial action to address sales execution issues [3] - On this news, Five9 shares declined by $11 25 per share, or approximately 26 5%, from $42 47 per share on August 8, 2024, to close at $31 22 on August 9, 2024 [3] Allegations Against Five9 - The complaint alleges that Five9 misrepresented the strength of its net new business bookings and visibility into its installed customer base [4] Law Firm Information - Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation [6] - The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars [6]

FIVN INVESTOR ALERT: Kirby McInerney LLP Notifies Five9, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit - Reportify