NEW YORK, Oct. 14, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=107874&from=4 CLASS PERIOD: ...

SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of ZoomInfo Technologies, Inc. (NASDAQ: ZI) Class A common stock between November 10, 2020 and August 5, 2024, inclusive (the "Class Period"), have until November 4, 2024 to seek appointment as lead plaintiff of the ZoomInfo class action lawsuit. Captioned City of Pontiac Police and Fire Retirement System v. ZoomInfo Technologies, Inc., No. 24-cv-05739 (W.D. Wash.), the ZoomInfo class action lawsuit charg ...

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=107042&from=3 CLASS PERI ...

NEW YORK, Oct. 7, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI). Shareholders who purchased shares of ZI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=106649&from=4 CLASS PERIOD: N ...

Core Viewpoint - Rosen Law Firm is reminding purchasers of ZoomInfo Technologies, Inc. Class A common stock of the upcoming lead plaintiff deadline for a class action lawsuit related to alleged misleading statements and practices during the Class Period from November 10, 2020, to August 5, 2024 [1][5]. Group 1: Class Action Details - Investors who purchased ZoomInfo Class A common stock during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6]. - The deadline to move the Court to serve as lead plaintiff is November 4, 2024, with the lead plaintiff acting on behalf of other class members [3]. Group 2: Allegations Against ZoomInfo - The lawsuit alleges that ZoomInfo made false and misleading statements, including that its financial results were temporarily inflated due to the COVID-19 pandemic, which created a false demand for its services [5]. - It is claimed that a significant portion of ZoomInfo's customer base was attempting to reduce or abandon their use of the product, and that the company employed coercive tactics to retain customers [5]. - The lawsuit asserts that these practices damaged customer relationships and overstated ZoomInfo's reported revenues and retention metrics, leading to investor damages when the truth was revealed [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked highly for securities class action settlements [4]. - The firm has recovered hundreds of millions of dollars for investors, with over $438 million secured in 2019 alone [4]. - Founding partner Laurence Rosen has been recognized as a leading figure in the plaintiffs' bar, indicating the firm's expertise in handling such cases [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of ZoomInfo Technologies Inc. regarding a class action lawsuit alleging misleading statements and practices that inflated the company's financial results during the COVID-19 pandemic [1][2]. Group 1: Allegations Against ZoomInfo - The complaint alleges that ZoomInfo's financial results were temporarily inflated due to the COVID-19 pandemic, which created a pull-forward demand for its database services [2]. - It is claimed that a significant portion of ZoomInfo's customer base was either reducing their usage of the product or abandoning it entirely [2]. - The company allegedly employed manipulative auto-renew policies and threats of litigation to retain customers against their will, damaging customer relationships and creating a hidden demand cliff for future contract renewals [2]. - As a result of these practices, ZoomInfo's reported revenues, operating income, and customer retention metrics were materially overstated [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 10, 2020, to August 5, 2024, with a deadline for shareholders to register as lead plaintiffs by November 4, 2024 [3]. - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case's progress [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of ZoomInfo Technologies Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during the class period from November 10, 2020, to August 5, 2024 [1]. Group 1: Allegations Against ZoomInfo - The complaint alleges that ZoomInfo's financial results were temporarily inflated due to the COVID-19 pandemic, which created a pull-forward demand for its database services [1]. - It is claimed that a significant portion of ZoomInfo's customer base was either reducing their usage of the product or abandoning it entirely [1]. - The company allegedly employed manipulative auto-renew policies and threats of litigation to retain customers against their will, damaging customer relationships and creating a hidden demand cliff for future contract renewals [1]. - As a result of these practices, ZoomInfo's reported revenues, operating income, and customer retention metrics were materially overstated [1]. Group 2: Class Action Details - Shareholders who purchased shares of ZoomInfo during the specified class period are encouraged to register for the class action, with a deadline set for November 4, 2024 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. - There is no cost or obligation for shareholders to participate in this class action [2].

Core Viewpoint - A class action lawsuit has been filed against ZoomInfo Technologies, Inc. for alleged violations of federal securities laws, claiming that the company's financial results were misleading during the specified Class Period [1][2]. Group 1: Allegations Against ZoomInfo - The lawsuit alleges that ZoomInfo's financial and operational results were temporarily inflated due to the COVID-19 pandemic, which created a false demand for its database services [2]. - It is claimed that a significant portion of ZoomInfo's customer base was either reducing their usage of the product or abandoning it entirely [2]. - The company is accused of employing manipulative auto-renew policies and threats of litigation to retain customers against their will, damaging customer relationships and competitive advantages [2]. - The lawsuit suggests that these coercive tactics have led to a hidden demand cliff for future customer contract renewals, resulting in overstated revenues and operating income [2]. Group 2: Impact on Investors - Following the revelation of these allegations, ZoomInfo's stock price declined sharply, causing significant financial losses for investors [3]. - Investors who suffered losses exceeding $100,000 are encouraged to participate in the lawsuit, with a deadline for Lead Plaintiff applications set for November 4, 2024 [3].

Core Viewpoint - A class action lawsuit has been filed against ZoomInfo Technologies, Inc. and its senior executives, alleging misleading statements regarding the company's financial health and customer base [1][3]. Group 1: Lawsuit Details - The class period for the lawsuit is from November 10, 2020, to August 5, 2024, with a lead plaintiff deadline set for November 4, 2024 [2]. - The lawsuit seeks to represent purchasers of ZoomInfo Class A common stock during the specified class period [2]. Group 2: Allegations Against ZoomInfo - The lawsuit claims that ZoomInfo made false or misleading statements about its financial performance, customer retention, and revenue growth [3]. - Specific allegations include: - Overstating revenue and customer metrics due to the temporary demand increase during the COVID-19 pandemic [3]. - A significant portion of the customer base allegedly attempting to reduce or discontinue their use of ZoomInfo's products [3]. - Accusations of coercive retention tactics to force customers into renewing contracts [3]. - The creation of a hidden demand cliff that could lead to decreased future revenue as contracts expire [3]. Group 3: Stock Price Impact - The lawsuit highlights instances where ZoomInfo's stock price declined following revelations about its financial challenges and customer dissatisfaction, particularly in November 2022, July 2023, and May and August 2024 [4]. Group 4: Investigation and Whistleblower Information - Hagens Berman has initiated an investigation based on the allegations, expressing concerns over discrepancies between ZoomInfo's public statements and its actual financial performance [5]. - Whistleblowers with non-public information regarding ZoomInfo are encouraged to assist in the investigation, with potential rewards under the SEC Whistleblower program [5].

Core Viewpoint - A class action lawsuit has been filed against ZoomInfo Technologies, Inc. for allegedly misleading investors about the demand for its products during the COVID-19 pandemic, leading to significant financial misrepresentation [1][2]. Allegations - The lawsuit claims that ZoomInfo's financial results were temporarily inflated due to the pandemic, which created a false sense of demand for its database services [2]. - It is alleged that many existing customers were either reducing their usage or abandoning the product altogether [2]. - The company reportedly employed manipulative auto-renew policies and threats of litigation to retain customers against their will [2]. - These coercive tactics are said to have damaged customer relationships and created a hidden demand cliff for future contract renewals [2]. - The accounts receivable reported by ZoomInfo were allegedly comprised largely of debts from high-risk small business customers, raising concerns about their likelihood of non-payment [2]. - The allowance for credit losses was claimed to be inadequate, underestimating the risk of non-payments [2]. - As a result of these issues, ZoomInfo's reported revenues, operating income, and customer retention metrics were allegedly overstated [2]. Stock Performance - The price of ZoomInfo Class A common stock fell from a high of over $79 per share to approximately $8 per share, representing a 90% decline during the class period [3]. - Defendants are accused of selling billions of dollars' worth of ZoomInfo stock at artificially inflated prices before the truth about the company's performance was revealed [3]. Next Steps for Shareholders - Shareholders interested in participating in the class action must submit their application to serve as lead plaintiff by November 4, 2024 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4].