New York, New York--(Newsfile Corp. - September 21, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Fastly, Inc. (NYSE: FSLY) alleging that the Company violated federal securities laws.
Class Period: May 6, 2020 and August 5, 2020
Lead Plaintiff Deadline: October 26, 2020
Learn more about your recoverable losses in FSLY:
The filed complaint alleges that Fastly, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Fastly's largest customer was ByteDance, operator of TikTok, which was known to have serious security risks and was under intense scrutiny by U.S. officials; (2) there was a material risk that Fastly's business would be adversely impacted should any adverse actions be taken against ByteDance or TikTok by the U.S. government; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders have until October 26, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the FSLY lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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