{"id":800133,"date":"2025-01-13T12:48:14","date_gmt":"2025-01-13T17:48:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investors-who-lost-money-on-five9-inc-fivn-should-contact-levi-korsinsky-about-pending-class-action-fivn\/"},"modified":"2025-01-13T12:48:14","modified_gmt":"2025-01-13T17:48:14","slug":"investors-who-lost-money-on-five9-inc-fivn-should-contact-levi-korsinsky-about-pending-class-action-fivn","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investors-who-lost-money-on-five9-inc-fivn-should-contact-levi-korsinsky-about-pending-class-action-fivn\/","title":{"rendered":"Investors who lost money on Five9, Inc. (FIVN) should contact Levi & Korsinsky about pending Class Action – FIVN"},"content":{"rendered":"
\n

NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Five9, Inc.<\/strong> (“Five9, Inc.” or the “Company”) (NASDAQ: FIVN) of a class action securities lawsuit.<\/p>\n

\n CLASS DEFINITION: <\/strong>The lawsuit seeks to recover losses on behalf of Five9, Inc. investors who were adversely affected by alleged securities fraud between June 4, 2024 and August 8, 2024. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n

\n https:\/\/zlk.com\/pslra-1\/five9-inc-lawsuit-submission-form?prid=122031&wire=3<\/a>\n <\/p>\n

\n FIVN<\/strong> investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n

\n CASE DETAILS: <\/strong>The filed complaint alleges that defendants made false statements and\/or concealed that: (i) Five9\u2019s net new business was not \u201cstrong irrespective of the macro\u201d and was, in fact, hampered by macroeconomic issues such as constrained and scrutinized customer budgets; (ii) Five9 was in the midst of a challenging bookings quarter due, in part, to sales execution and efficiency issues, and the Company was not \u201cseeing very strong bookings momentum\u201d; and (iii) defendants did not have \u201cenough information in terms of [their] existing customers that are going live\u201d such that the statements that Five9 would see a positive inflection in its dollar-based retention rate lacked a reasonable basis.<\/p>\n

\n WHAT’S NEXT? <\/strong>If you suffered a loss in Five9, Inc. during the relevant time frame, you have until February 3, 2025<\/strong>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

\n NO COST TO YOU: <\/strong>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.<\/strong><\/p>\n

\n WHY LEVI & KORSINSKY: <\/strong>Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services\u2019 Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n

\n CONTACT:<\/strong>
\n
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com<\/a>\u00a0
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com<\/a>\u00a0<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Five9, Inc. (“Five9, Inc.” or the “Company”) (NASDAQ: FIVN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Five9, Inc. investors who were adversely affected by alleged securities fraud between June 4, 2024 and August 8, 2024. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/five9-inc-lawsuit-submission-form?prid=122031&wire=3 FIVN investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (i) Five9\u2019s net new business was not \u201cstrong irrespective of the … <\/p>\n

Continue reading “Investors who lost money on Five9, Inc. (FIVN) should contact Levi & Korsinsky about pending Class Action – FIVN”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-800133","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nInvestors who lost money on Five9, Inc. 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CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Five9, Inc. investors who were adversely affected by alleged securities fraud between June 4, 2024 and August 8, 2024. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/five9-inc-lawsuit-submission-form?prid=122031&wire=3 FIVN investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (i) Five9\u2019s net new business was not \u201cstrong irrespective of the … Continue reading "Investors who lost money on Five9, Inc. 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