ZoomInfo Faces Class Action Lawsuit for Securities Violations

October 21, 2024 / New York City, NY / Bronstein, Gewirtz & Grossman, LLC

Overview:

Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, has announced that a class action lawsuit has been filed against ZoomInfo Technologies, Inc. (“ZoomInfo” or “the Company”) (NASDAQ: ZI) and certain of its officers. The lawsuit seeks to recover damages for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ZoomInfo securities between November 10, 2020, and August 5, 2024 (the “Class Period”).

During the Class Period, ZoomInfo is accused of misleading investors about the company’s financial performance, causing the stock price to be artificially inflated. As a result, investors suffered losses when the truth was revealed, leading to a drop in stock value.

How will this affect me?

If you are an investor who purchased ZoomInfo securities during the specified Class Period, you may be eligible to participate in the class action lawsuit and seek damages for your losses. It is important to consult with a legal professional to understand your rights and options in this case.

How will this affect the world?

The outcome of the class action lawsuit against ZoomInfo could have significant implications for the broader financial markets. If ZoomInfo is found guilty of securities violations, it may lead to increased scrutiny and regulation within the industry to prevent similar incidents in the future.

Conclusion:

Overall, the class action lawsuit against ZoomInfo Technologies, Inc. highlights the importance of transparency and accountability in the financial markets. Investors should always conduct thorough due diligence before making investment decisions to mitigate the risk of potential losses due to fraudulent practices.