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LOS ANGELES, Sep 1, 2020 (GLOBE NEWSWIRE) – Portnoy law firm advises investors that a class action lawsuit has been filed on behalf of Fastly, Inc. ("Fastly" or "The Company") (NYSE: FSLY). Investors who purchased securities between May 6, 2020 and August 5, 2020.
Investors are encouraged to contact Attorney Lesley F. Portnoy by phone at 310-692-8883 or email to determine eligibility to participate in this promotion or click here to join the case.
The complaint alleges that the defendants made misleading and / or false information and / or failed to disclose: (1) ByteDance, operator of TikTok, was Fastly's largest customer that was already exposed to serious security risks and was already under scrutiny by US -Government Officials; (2) that there is a material risk that Fastly's business will be adversely affected if the US Government takes adverse action against TikTok or ByteDance; (3) and, as a result, Defendants' positive statements about the Company's business, operations and prospects were materially misleading and / or unfounded. When the real details became known to the market, it was alleged that investors suffered damage.
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Lesley F. Portnoy, Esq.
Approved CA and NY bar