Class Action Lawsuits Filed Against Aehr, Five9, DMC Global, and Marqeta

NEW YORK, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a distinguished law firm specializing in shareholder rights, has announced that class action lawsuits have been initiated on behalf of the stockholders of several companies, including Aehr Test Systems, Inc. (NASDAQ: AEHR), Five9, Inc. (NASDAQ: FIVN), DMC Global Inc. (NASDAQ: BOOM), and Marqeta, Inc. (NASDAQ: MQ). Investors interested in participating have until specified deadlines to apply for lead plaintiff status in each case.

Aehr Test Systems, Inc. (AEHR)

The class period for Aehr Test Systems extends from January 9, 2024, to March 24, 2024, with a lead plaintiff deadline set for February 3, 2025. The lawsuit claims that the defendants made misleading statements about the company’s operations, particularly failing to disclose significant delays in customer orders, which could adversely affect revenue growth and inflate the overall prospects of the business. This has resulted in investors potentially suffering damages once the accurate information became public.

Five9, Inc. (FIVN)

In the case of Five9, the class period runs from June 4, 2024, to August 8, 2024. The lead plaintiff deadline is also February 3, 2025. The litigation cites that the company’s net new business performance was misrepresented and impacted by broader economic issues, including customer budget constraints. Furthermore, the lawsuit alleges that the firm faced sales execution challenges that were not accurately disclosed to investors.

DMC Global Inc. (BOOM)

The class action for DMC Global covers the period from May 3, 2024, to November 4, 2024, with a lead plaintiff deadline of February 4, 2025. According to the complaint, the defendants allegedly overstated goodwill related to its Acadia Products segment and failed to disclose inadequate internal systems that negatively impacted operations. This lack of transparency is claimed to have led to misleading public statements regarding the company’s financial health.

Marqeta, Inc. (MQ)

Marqeta's class period is from May 7, 2024, to November 4, 2024, with a lead plaintiff deadline of February 7, 2025. The lawsuit suggests that the company failed to adequately disclose regulatory challenges that significantly impacted its outlook, ultimately leading to an adjustment in their fourth-quarter financial guidance. This lack of honest reporting is considered to have resulted in investor damages.

About Bragar Eagel & Squire, P.C.

Bragar Eagel & Squire, P.C. is known for its commitment to representing both individual and institutional investors in complex litigation matters related to securities and commercial interests. With offices located in New York, California, and South Carolina, the firm has a reputation for advocating on behalf of shareholder rights.

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