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Five9, Inc. Securities Fraud Lawsuit Pending

1. Five9 faces a lawsuit for misleading financial statements. 2. The complaint alleges violations of federal securities laws.

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FAQ

Why Bearish?

Legal issues can undermine investor confidence, similar to past cases affecting stocks negatively.

How important is it?

The lawsuit can significantly impact Five9's reputation and stock performance.

Why Short Term?

Near-term price volatility expected as investors react to the lawsuit news.

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FIVN
WASHINGTON, DC / ACCESS Newswire / January 22, 2025 / Cohen Milstein alerts investors that a complaint was filed on December 4, 2024 in the U.S. District Court for the Northern District of California against Five9, Inc. ("Five9" or the "Company") (Nasdaq:FIVN). The complaint alleges that Five9 and its Chair and CEO, Michael Burkland, and CFO, Barry Zwarenstein, made false and misleading statements to investors regarding sales and company financials in violation of Section 10(b), Rule 10b-5, and Section 20(a) of the Exchange Act.

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