BALA CYNWYD, PA / ACCESSWIRE / July 19, 2021 / Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Five9, Inc. ("Five9" or the "Company") (NASDAQ:FIVN) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Zoom Video Communications, Inc. ("Zoom") (Nasdaq - ZM). Under the terms of the merger agreement, Five9 shareholders will receive only 0.5533 shares of Zoom for each share of Five9 they own. Based on the closing share price of Zoom as of July 16, 2021, this represents a per share price for Five9 common stock of $200.28.
The investigation concerns whether the Five9 Board breached its fiduciary duties to Five9 shareholders and whether Zoom is paying too little for the Company.
If you own shares of Five9 stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/five9-inc-nasdaq-fivn/, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC