LOS
ANGELES, July 16, 2024 /PRNewswire/ -- The DJS Law
Group reminds investors of a class action lawsuit against Fastly,
Inc. ("Fastly" or "the Company") (NYSE:FSLY) for violations of
§§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule
10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
Shareholders who purchased shares of FSLY during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointments. Appointment as lead plaintiff is not
required to partake in any recovery.
CLASS PERIOD: February 15,
2024 to May 1, 2024
DEADLINE: July 23, 2024
CASE DETAILS: The investigation focuses on whether the
Company made false and misleading statements to the market. Fastly
suffered a deceleration of growth amongst its largest customers and
was losing market share it gained as part of the 2023 Content
Delivery Network ("CDN") consolidation trend, despite its claims to
the contrary. The Company was unlikely to meet its revenue guidance
for 2024. The Company overstated the strength of its financial
prospects. Based on these facts, the Company's public statements
were false and materially misleading throughout the class period.
When the market learned the truth about Fastly, investors suffered
damages.
If you are a shareholder who suffered a loss, please call
David Schwartz, Esq., at
914-206-9742, or via email at David@djslawllp.com
WHY DJS LAW GROUP? DJS Law Group's primary focus is to
enhance investor return through balanced counseling and aggressive
advocacy. We specialize in securities class actions, corporate
governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J.
Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
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SOURCE DJS Law Group LLP