Levi & Korsinsky Reminds Fastly, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 23, 2024 – FSLY

Core Viewpoint - Fastly, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 15, 2024, and May 1, 2024 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Fastly misrepresented its growth, indicating a significant deceleration among its largest customers and a loss of market share gained from the 2023 content delivery network consolidation trend [2]. - It is alleged that these issues would materially negatively affect the Company's revenue growth and that Fastly was unlikely to meet its previously issued revenue guidance for FY 2024 [2]. - The lawsuit asserts that Fastly's financial position and prospects were overstated, making its public statements materially false and misleading during the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until July 23, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].