NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) — Attorney Advertising – Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Fastly, Inc. (“Fastly” or “the Company”) (NYSE: FSLY) and certain of its officers.
Class definition:
This action seeks to recover damages from defendants for alleged violations of the federal securities laws on behalf of all persons and entities who purchased or otherwise acquired Fastly securities between February 15, 2024 and May 1, 2024, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the Company’s website: bgandg.com/FSLY.
Case details:
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements about the Company’s business, operations and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) contrary to its representations to investors, Fastly actually experienced a significant slowdown in growth among its largest customers and lost the increased market share it gained as a result of the 2023 CDN consolidation trend; (2) the foregoing issues were likely to have a material adverse effect on the Company’s revenue growth; (3) accordingly, the Company was unlikely to achieve its previously published fiscal year 2024 revenue guidance; (4) as a result, the Company’s financial condition and/or prospects were overstated; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times.
What’s next?
A class action lawsuit has already been filed. If you would like to review a copy of the lawsuit, you can visit the firm’s website: bgandg.com/FSLY or you can contact Peretz Bronstein, Esq. or his Client Relations Manager Nathan Miller of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss at Fastly, you have until July 23, 2024 to request that the court appoint you as lead plaintiff. Your ability to share in any compensation is not dependent on your serving as lead plaintiff.
There are no costs for you
We represent investors in class action lawsuits on a contingency basis, meaning we ask the court to reimburse us for our expenses and attorney fees (usually a percentage of the total award) only if we win.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm representing investors in securities fraud class action lawsuits and shareholder actions involving derivatives trading. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Past results do not guarantee similar results.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]
