Five9, Inc. (NASDAQ: FIVN) Investor Reminder: Schubert Jonckheer & Kolbe LLP Investigating Possible False Statements Following 26% Stock Drop and Key Court Ruling
PR Newswire•26/10/2026•09:45 ET
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Key Highlights
- ➤26% stock drop followed disappointing Q2 2024 results and lowered annual revenue guidance
- ➤Court allows key securities-fraud claims against Five9, former CEO and CFO to proceed
- ➤Lawsuit alleges misleading 2024 revenue-growth and macroeconomic statements from February through August
- ➤Insiders sold over $8 million in Five9 stock during the alleged class period
Expert Statements
P. Casey Pitts, U.S. District Judge
“the complaint sufficiently alleged that defendants acted with an intent to deceive or with deliberate recklessness in making these misleading statements.”
Five9, Inc. (NASDAQ: FIVN) Investor Reminder: Schubert Jonckheer & Kolbe LLP Investigating Possible False Statements Following 26% Stock Drop and Key Court Ruling PR Newswire
SAN FRANCISCO, Oct. 26, 2026 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP reminds Five9, Inc. (NASDAQ: FIVN) investors that the firm is investigating potential wrongdoing at the company following a 26% stock drop and court ruling that key claims in a securities fraud lawsuit against Five9 and its former CEO and CFO will move forward. Current shareholders are encouraged to contact the firm here: https://www.classactionlawyers.com/five9reminder .
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