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SAN FRANCISCO, Sept. 1, 2026 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Fastly, Inc. (NASDAQ: FSLY) investors that the firm is investigating potential legal claims arising from alleged false and misleading statements about growth and the impact of macroeconomic trends on the company's business. Current shareholders are encouraged to contact the firm here: https://www.classactionlawyers.com/fastly.
On August 10, 2026, U.S. District Judge Jon S. Tigar ruled for the second time that key claims in a securities fraud lawsuit against Fastly and its former CEO and CFO will move forward. The lawsuit alleges that between November 2023 and August 2024, the company misled investors about weakening demand and macroeconomic conditions, despite knowing that revenues were declining and that some of Fastly's largest customers had reduced usage of the company's platform. During this period, company insiders reported over $17 million in Fastly stock sales. The November 2023 statement allegedly caused Fastly's stock to trade at artificially inflated prices. Judge Tigar found the complaint sufficiently alleged that this misleading statement was made with knowledge or deliberate recklessness. When Fastly subsequently reported lower-than-expected revenue results in February 2024, its stock price fell 31%.
We are investigating potential wrongdoing by Fastly's directors and officers in connection with these allegations.
If you own Fastly stock, you may have legal options. Visit https://www.classactionlawyers.com/fastly to learn more.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents consumers in class actions and shareholders in derivative actions against corporate officers and directors. The firm is based in San Francisco and, with the help of co-counsel, litigates cases nationwide.
Contact
Dustin L. Schubert
dschubert@sjk.law
Tel: 415-788-4220
View original content:https://www.prnewswire.com/news-releases/fastly-inc-nasdaq-fsly-investor-alert-schubert-jonckheer-investigating-possible-false-statements-following-31-stock-drop-302865923.html
SOURCE Schubert Jonckheer & Kolbe LLP
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