ROSEN, A SKILLED INVESTOR ADVISOR, encourages investors of Five9, Inc. to provide counsel before an important deadline in a securities class action

New York, New York–(Newsfile Corp. – January 5, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, reminds buyers of securities, including call options, of Five9, Inc. (NASDAQ: NASDAQ: ) between June 4, 2024 and August 8, 2024, both dates inclusive (the “Class Period” “), of material February 3, 2025 deadline for the chief prosecutor.

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

WHAT TO DO NEXT: To join the Five9 class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=32046 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you want to be the chief prosecutor, you have to move the court no later than February 3, 2025. The lead plaintiff is the representative party that acts on behalf of the other class members in the conduct of the litigation.

WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in successful leadership roles. Often the companies issuing the notices do not have comparable experience, resources or any significant recognition from their peers. Many of these firms do not actually initiate securities class action lawsuits, but are merely brokers who refer clients or are partners with the law firms that actually initiate the cases. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and equity derivative litigation. The Rosen Law Firm secured the largest securities class action settlement to date against a Chinese company at the time. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (WA:) Services for numerous securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Law360 Claimant Bar Association Titan. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, during the Lecture Period, the defendants made false and/or misleading statements and/or failed to disclose the following: (1) Five9’s net new business was not “strong regardless of macro” and was in fact hampered by macroeconomic issues such as limited and carefully reviewed customer budgets; (2) Five9 was in the midst of a challenging bookings quarter due, in part, to sales and efficiency issues, and Five9 did not “see very strong momentum in bookings”; and (3) the defendants did not have “sufficient information in terms of ․ [their] existing customers starting up” so statements that Five9 would see a positive shift in its dollar-based retention rate lacked reasonable basis. When the true details came to market, the lawsuit claims investors suffered damages.

To join the Five9 class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=32046 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.

No class is certified. Until the class is certified, you will not be represented by an attorney unless you retain one. You can choose a lawyer of your choice. You can also remain an absent member of the class and do nothing at this time. An investor’s ability to participate in a potential future recovery does not depend on whether it is the lead plaintiff.

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