Investigation announced for Long-Term Investors in shares of Five9, Inc. (NASDAQ: FIVN) over potential Wrongdoing

An investigation was announced for current long-term investors in shares of Five9, Inc. (NASDAQ: FIVN) concerning potential breaches of fiduciary duties by certain directors of Five9, Inc.

Investors who are current long term investors in Five9, Inc. (NASDAQ: FIVN) 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 NASDAQ: FIVN stocks follows a lawsuit filed against Five9, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FIVN stocks, concerns whether certain Five9, 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, Five9 misrepresented the purported strength of the Company's net new business bookings and visibility into its installed customer base, and that when these statements were made, that Five9 was in the throes of a "challenging bookings quarter" due to constrained and scrutinized customer budgets and sales execution issues, forcing the Company to cut its annual revenue guidance and take remedial action to address sales execution issues, and that as a result of their purchases of Five9 securities, including call options, between June 4, 2024 to August 8, 2024, Plaintiff and other members of the Class suffered economic loss.

Those who purchased shares of Five9, Inc. (NASDAQ: FIVN) 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.

This release was published on openPR.