Five9, Inc. Class Action Lawsuit - FIVN

The filed complaint alleges that Five9, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Five9’s net new business was not “strong irrespective of the macro” 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 “seeing very strong bookings momentum”; and (iii) defendants did not have “enough information in terms of [their] existing customers that are going live” such that the statements that Five9 would see a positive inflection in its dollar-based retention rate lacked a reasonable basis.

In order to be eligible to join the FIVN class action lawsuit, you must have incurred a loss on shares of Five9, Inc. purchased during the class period listed above.

If you suffered a loss in Five9, Inc. during the relevant time frame or pursuant to the relevant offering(s), you have until February 3, 2025 to 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.