Rosen Law Firm Encourages Five9, Inc. Investors to Act Before Important Deadline

NEW YORK, Dec. 22, 2024 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global law firm focused on investor rights, is reaching out to investors who purchased securities of Five9, Inc. (NASDAQ: FIVN) during the period from June 4, 2024, to August 8, 2024 (the "Class Period"). Investors are reminded that there is an important lead plaintiff deadline on February 3, 2025.

SO WHAT: If you bought Five9 securities during the Class Period, you might be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement.

WHAT TO DO NEXT: To participate in the Five9 class action, visit this link or contact Phillip Kim, Esq. toll-free at 866-767-3653, or email [email protected] for more information on the class action. A class action lawsuit has already been filed, and if you want to act as the lead plaintiff, you must file your motion with the Court by February 3, 2025. The lead plaintiff serves as a representative for other class members in directing the litigation.

WHY ROSEN LAW: It is crucial for investors to choose legal counsel with proven success in leading roles. Many firms advertising such services lack necessary experience, resources, or recognition in the field. Some firms don't actively litigate securities class actions but act merely as intermediaries. Choose wisely when selecting your legal counsel. Rosen Law Firm has extensive experience representing investors globally, with a concentration on securities class actions and shareholder derivative litigation. The firm has achieved notable successes, including the largest securities class action settlement against a Chinese company at the time. In 2017, Rosen Law Firm was recognized as the top firm for number of securities class action settlements. It has consistently been ranked among the top firms since 2013, recovering hundreds of millions of dollars for investors. In 2019, it secured over $438 million for its clients, and in 2020, founder Laurence Rosen was honored as a Titan of the Plaintiffs' Bar by Law360. Many of the attorneys at the firm have also received accolades from Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The lawsuit alleges that during the Class Period, the defendants provided false or misleading statements and failed to disclose crucial information. These include (1) the claim that Five9's net new business was strong was inaccurate, as it was affected by macroeconomic factors like strict customer budgets; (2) Five9 was experiencing difficulties in booking due to sales execution issues, indicating a lack of strong momentum; and (3) the assertion that they had enough knowledge regarding existing customers was unfounded, making claims about a positive change in their dollar-based retention rate baseless. Investors reportedly suffered damages when the truth became known.

To join the Five9 class action, visit this link or reach out to Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for more details.

No class has been certified yet. Until a class is certified, you are not represented by counsel unless you engage one. You can choose any lawyer of your preference. You may also opt to remain an absent class member and take no action at this stage. An investor's chance to share in any future recovery does not depend on serving as lead plaintiff.

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Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

www.rosenlegal.com

Five9, lawsuit, securities