Levi & Korsinsky, LLP announces that a FSLY class action lawsuit has been filed on behalf of investors who purchased Fastly, Inc. (FSLY) securities between May 6, 2020 and August 5, 2020. For more on the FSLY Lawsuit please contact us today.
According to the Fastly, Inc. lawsuit, throughout the Class Period defendants made 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.
If you suffered a loss in Fastly, Inc. you have until October 26, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.