Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Fastly, Inc. (“Fastly”) (NYSE: FSLY) securities between November 15, 2023 and August 7, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) contrary to its representations to investors, Fastly was in fact experiencing significant customer pullback, slowing growth; (2) the foregoing issues were likely to have a material negative impact on the company's revenue; (3) accordingly, Fastly was unlikely to meet its own previously issued revenue guidance and the company's financial position and/or prospects were overstated; and (5) as a result, the company's public statements were materially false and misleading at all relevant times.
Current Status of Case:
On October 24, 2025, Lead Plaintiff filed an Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.