Press release
Long-Term Investors in Fastly, Inc. (NYSE: FSLY) should contact the Shareholders Foundation in connection with Investigation over possible Wrongdoing by certain driectors
An investigation on behalf of current long term investors in Fastly, Inc. (NYSE: FSLY) shares.
Investors who are current long term investors in Fastly, Inc. (NYSE: FSLY) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: FSLY stocks follows a lawsuit filed against Fastly, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: FSLY stocks, concerns whether certain Fastly, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that contrary to its representations to investors, Fastly was in fact experiencing a significant deceleration in growth among its largest customers and was losing the increased market share it had gained as a result of the 2023 CDN consolidation trend, that the foregoing issues were likely to have a material negative impact on the Company's revenue growth, that accordingly, the Company was unlikely to meet its own previously issued revenue guidance for FY 2024, that as a result, the Company's financial position and/or prospects were overstated, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Fastly, Inc. (NYSE: FSLY) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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