Bronstein, Gewirtz & Grossman LLC Reminds Fastly Inc. Investors to Join Class Action Lawsuit!

NEW YORK, NEW YORK / ACCESSWIRE / July 5, 2024 / Bronstein, Gewirtz & Grossman, LLC, an internationally recognized law firm, notifies investors of the filing of a class action lawsuit against Fastly, Inc. (“Fastly” or the “Company”) (NYSE:FSLY) and certain of its principals.

Class definition:

This lawsuit seeks to recover damages from Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that 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 firm’s website at bgandg.com/FSLY.

Case details:

The complaint alleges that throughout the Complaint Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) contrary to statements made to investors, Fastly was actually experiencing a material slowdown in growth among its largest customers and was losing the increased market share it had gained as a result of CDN’s consolidation trend in 2023; (2) the foregoing issues were likely to have a material adverse effect on the Company’s revenue growth; (3) as a result, the Company was likely to fail to meet its previously issued revenue guidance for fiscal 2024; (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?

The class action lawsuit has already been filed. If you would like to review a copy of the complaint, you can visit the firm’s website at bgandg.com/FSLY or contact Peretz Bronstein, Esq. or his Client Relationship Manager, Nathan Miller of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss with Fastly, you have until July 23, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as lead plaintiff.

There is no cost to you.

We represent investors in class action lawsuits on a contingency basis. This means that we will ask the court to recover our costs and attorney fees, usually a percentage of the total award, only if we are successful.

Why Bronstein, Gewirtz and Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative lawsuits. Our firm has recovered hundreds of millions of dollars for investors across the country.

Lawyer Advertising. Previous results do not guarantee similar results.

CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,
332-239-2660 | (email protected)

SOURCE: Bronstein, Gewirtz and Grossman, LLC