FSLY Investors Have Opportunity to Lead Fastly, Inc. Securities Fraud Lawsuit

PRNewswire 29-Jun-2024 4:30 PM

NEW YORK, June 29, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds investors a shareholder filed a class action lawsuit on behalf of all purchasers of securities of Fastly, Inc. (NYSE:FSLY) between February 15, 2024 and May 1, 2024. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by July 23, 2024.

To join the Fastly class action, go to https://rosenlegal.com/submit-form/?case_id=25511 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com.

The Rosen Law Firm is investigating the Allegations that Fastly, Inc. (NYSE:FSLY) Misled Investors Regarding its Business Operations.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) contrary to its representations to investors, Fastly was in fact experiencing a significant deceleration in growth among its largest consumers and was losing the increased market share it had gained as a result of the 2023 Content Delivery Network ("CDN") consolidation trend; (2) the foregoing issues were likely to have a material negative impact on Fastly's revenue growth; (3) accordingly, Fastly was unlikely to meet its own previously issued revenue guidance for the 2024 fiscal year; (4) as a result, Fastly's financial position and/or prospects were overstated; and (5) as a result, Fastly's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

What Now: You may be eligible to participate in the class action against Fastly, Inc. The deadline to file a motion to be appointed as lead plaintiff is July 23, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, go to https://rosenlegal.com/case/fastly-inc/

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.