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SAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Five9, Inc. (NASDAQ: FIVN) securities, including call options, between June 4, 2024 and August 8, 2024. Five9 provides software for a cloud-based contact center. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Five9, Inc. (FIVN) Misled Investors Regarding its Sales Execution and Efficiency Issues According to the complaint, during the class period, defendants failed to disclose that: (i) Five9’s net new business was not “strong irrespective of the macro” and was, in fact, hampered by macroeconomic issues such as constrained and scrutinized customer budgets; (ii) Five9 was in the midst of a challenging bookings quarter due, in part, to sales execution and efficiency issues, and the Company was not “seeing very strong bookings momentum”; and (iii) Defendants did not have “enough information in terms of [their] existing customers that are going live” such that the statements that Five9 would see a positive inflection in its dollar-based retention rate lacked a reasonable basis. Plaintiff alleges that on August 8, 2024, Five9 released its second quarter 2024 financial results in which the Company reduced its annual revenue guidance due to “recent bookings trends and the uncertain economic conditions.” During the earnings call held that same day, the Company revealed it “had a challenging bookings quarter” due to “constrained and scrutinized” customer budgets and sales execution issues. Defendants announced remedial changes to address Five9’s sales execution and efficiency issues. It was further revealed that “Q2 new logo bookings came in softer than expected” and that the Company was “no longer assuming” a dollar-based retention rate inflection in the second half of the year because of a “more muted seasonality in our service bookings[.]” On this news, Five9’s common stock price dropped over 26%, from $42.47 per share on August 8, 2024 to $31.22 per share on August 9, 2024. What Now: You may be eligible to participate in the class action against Five9, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by February 3, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Five9, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1fe5526f-ab2a-4e9b-b72d-5bc1058e1011
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RALEIGH, N.C. (AP) — North Carolina Lt. Gov. Mark Robinson will not appear at former President Donald Trump ’s rally on Saturday in the battleground state following a CNN report about Robinson’s alleged disturbing online posts, an absence that illustrates the liability the gubernatorial candidate poses for Trump and downballot GOP candidates. Robinson is not expected to attend the event in Wilmington, according to a person on the Trump campaign and a second person familiar with the matter who spoke on condition of anonymity to discuss internal planning. Robinson has been a frequent presence at Trump's North Carolina campaign stops. The Republican nominee has referred to Robinson, who is Black, as “Martin Luther King on steroids" and long praised him. But in the wake of Thursday's CNN report , the Trump campaign issued a statement that didn't mention Robinson and instead spoke generally about how North Carolina was key to the campaign's efforts. Robinson's campaign didn't respond to a text Friday seeking confirmation on his Saturday plans. The deadline in state law for Robinson to withdraw as the Republican candidate for governor passed late Thursday. State Republican leaders could have picked a replacement had a withdrawal occurred. Robinson has denied writing the posts, which include racial and sexual comments. He said he wouldn't be forced out of the race by “salacious tabloid lies.” While Robinson won his GOP gubernatorial primary in March, he's been trailing in several recent polls to Democratic nominee Josh Stein , the state's attorney general. “Let me reassure you the things that you will see in that story — those are not the words of Mark Robinson,” he told supporters in a video released Thursday by his campaign. “You know my words. You know my character.” State law says a gubernatorial nominee had until the day before the first absentee ballots requested by military and overseas voters are distributed to withdraw. They were distributed starting Friday. Robinson has a history of inflammatory comments that Stein has said made him too extreme to lead North Carolina. They already have contributed to the prospect that campaign struggles for Robinson could help Democratic Vice President Kamala Harris win the state’s 16 electoral votes. Democrats jumped on Robinson and other Republicans after the report aired, showing on social media photos of Robinson with Trump or with other GOP candidates, attempting to tarnish them by association. Losing swing district races for a congressional seat and the General Assembly would endanger the GOP’s control of the U.S. House and retaining veto-proof majorities at the legislature. “The fallout is going to be huge,” Chris Cooper, a political science professor at Western Carolina University, said Friday. “The Democrats are counting on this ... having a big effect.” But Cooper said Republicans could limit problems to the governor's race only if upward ticket-splitting trends among voters continue. Harris' campaign rolled out a new ad Friday it calls the first to link Trump to a down-ballot candidate. The commercial alternates between Trump’s praise for Robinson and the lieutenant governor’s comments which his critics have argued show his support for a statewide abortion ban without exceptions. Robinson's campaign have said that's not true. The Democratic National Committee is also running billboards in three major North Carolina cities showing a photo of Robinson and Trump and comments Trump has said about him. And a fundraising appeal Friday by Jeff Jackson, Democratic attorney general candidate, also includes a past video showing Republican opponent Dan Bishop saying he endorsed Robinson. “Every North Carolinian when they go to vote ought to look at whether a candidate has done that, because that sends a strong message about who you are as a candidate,” Democratic Gov. Roy Cooper, a top Harris surrogate, said at a Friday news conference. CNN's story, which describes a series of comments that it said Robinson posted on the message board more than a decade ago, sent tremors through the state’s political class, particularly Republicans. While the state Republican Party came to Robinson’s defense late Thursday pointing out he's “categorically denied the allegations,” party Chairman Jason Simmons put out his own statement Friday calling them “deeply troubling” and that Robinson "needs to explain them to the people of North Carolina.” U.S. Sen. Thom Tillis , R-N.C., who endorsed a Robinson rival in the primary, said on X that Thursday “was a tough day, but we must stay focused on the races we can win.” He didn't mention the governor's race. U.S. Rep. Richard Hudson of North Carolina, chairman of House Republicans' campaign arm, discounted Robinson’s impact in North Carolina congressional races. CNN reported that Robinson, who would be North Carolina’s first Black governor, attacked on the message board civil rights leader Martin Luther King Jr. in searing terms and once referred to himself as a “black NAZI.” CNN also reported that Robinson wrote of being aroused by a memory of “peeping” women in gym showers when he was 14 along with an appreciation of transgender pornography. Robinson at one point referred to himself as a “perv,” according to CNN. The Associated Press has not independently confirmed that Robinson wrote and posted the messages. CNN said it matched details of the account on the pornographic website forum to other online accounts held by Robinson by comparing usernames, a known email address and his full name. CNN reported that details discussed by the account holder matched Robinson’s age, length of marriage and other biographical information. It also compared figures of speech that were used in his public Facebook profile and that appeared in discussions by the account on the pornographic website. This story was first published on Sep. 20, 2024. It was updated on Nov. 22, 2024 to correct which of Robinson’s social media accounts CNN cited in a comparison to language in messages from a pornographic website message board. CNN cited his public Facebook account, not his Twitter account. Price reported from New York. Associated Press writers Kevin Freking in Washington, Meg Kinnard in Chapin, South Carolina and Makiya Seminera in Raleigh contributed to this report.
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NEW YORK , Dec. 24, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Joint Stock Company Kaspi.kz ("Kaspi.kz" or "the Company") (NASDAQ: KSPI ) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Kaspi.kz securities between January 19, 2024 and September 19, 2024 , both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/KSPI. Case Details The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Kaspi.kz continued doing business with Russian entities, and also providing services to Russian citizens, after Russia's 2022 invasion of Ukraine , thereby exposing the Company to the undisclosed risk of sanctions; (2) the Company engaged in undisclosed related party transactions; (3) certain of the Company's executives have links to reputed criminals; and (4) as a result, defendants' statements about Kaspi.kz's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/KSPI. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller , of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660 . If you suffered a loss in Kaspi.kz you have until February 18, 2025 , to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Follow us for updates on LinkedIn , X , Facebook , or Instagram . Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | [email protected] SOURCE Bronstein, Gewirtz & Grossman, LLCHELSINKI — Two Chinese astronauts completed a record-setting extravehicular activity outside Tiangong space station Tuesday. Shenzhou-19 commander Cai Xuzhe, wearing a Feitian extravehicular activity suit marked with red, exited the Wentian experiment module hatch of the Tiangong space station at 11:51 p.m. Eastern, Dec. 16 (0451 UTC, Dec. 17). Cai attached himself to Tiangong’s robotic arm and retrieved equipment needed for the EVA from the airlock, assisted by crewmate Song Lingdong. Song, in a suit with blue markings, exited Wentian at 1:32 a.m. Dec. 17 (0632 UTC) to perform his tasks, according to China Central Television (CCTV). Signatures from previous users of the spacesuits are visible on the Fetian primary life support systems in video of the spacewalk. Crewmate Wang Haoze assisted operations from inside Tiangong’s Tianhe module, while the operation also received support from the ground. Cai Xuzhe and Song Lingdong returned to the Wentian module and closed the hatch at 8:57 a.m. Eastern (1357 UTC), according to China’s human spaceflight agency, CMSEO. The astronauts carried out installation of space debris protection devices, the inspection and handling of external equipment and facilities. The installation of protective panels was described as to protect cables and pipelines of the thermal control equipment outside the Tianhe module from debris, CCTV reported, citing a researcher from the China Aerospace Science and Technology Corporation (CASC), which built and launched the space station modules. The #Shenzhou19 crew members, who are currently aboard #China 's space station, successfully completed their first extravehicular activity (EVA) after more than nine hours, setting a new record for the duration of an EVA conducted by Chinese astronauts. https://t.co/6Vj9MGcc33 pic.twitter.com/IHkgSiI9ac — Global Times (@globaltimesnews) December 17, 2024 The EVA duration of 9 hours, 6 minutes appears to surpass the previous record for a spacewalk of 8 hours, 56 minutes set by NASA astronauts James Voss and Susan Helms during the STS-102 mission in 2001. Notably, the China National Space Administration has previously stated that Feitian suits are designed to support a working time of eight hours, while having a service life of three years and can be used 15 times. CMSEO and Chinese state media Xinhua reported the EVA as a record duration of extravehicular activities by Chinese astronauts. The spacewalk was the first of the Shenzhou-19 mission. CMSA announced the event would take place “in the near future” Dec. 16. It is the 17th spacewalk outside of Tiangong. China’s first spacewalk took place in 2008 during the Shenzhou-7 mission. The Shenzhou-19 spacecraft arrived at Tiangong Oct. 29 for a six-month-long stay aboard the space station. It is Cai’s second mission to space, following his participation in the 2022 Shenzhou-14 mission, during which he embarked on an EVA. It is the first mission to space for Song and Wang. The Tianzhou-8 cargo spacecraft arrived at the orbital outpost Nov. 15 to deliver supplies, fuel and experiments. Shenzhou-19 is China’s 14th crewed spaceflight mission to date. The crew will conduct a number of extravehicular activities and will carry out 86 science experiments and projects, according to CMSEO. A number of these are related to life sciences, including studying fruit flies in a sub-magnetic facility. China approved its Tiangong space station plan in 1992. It began building the three-module, T-shaped low Earth orbit outpost in 2021. It was completed in late 2022. CMSEO is preparing to expand Tiangong in the coming years.
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Prominent figure from Canada's trucker protests against COVID-19 restrictions found guiltyThe Duckhorn Portfolio Announces Fiscal First Quarter 2025 Financial Results