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].

SAN FRANCISCO, Sept. 27, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against ZoomInfo Technologies, Inc. (NASDAQ: ZI) and its senior executives, alleging that they misled investors about the company's financial health and customer base. Hagens Berman urges ZoomInfo Technologies Inc. (NASDAQ: ZI) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Class ...

SAN DIEGO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all purchasers of ZoomInfo Technologies, Inc. (NASDAQ: ZI) Class A common stock between November 10, 2020 and August 5, 2024. ZoomInfo is a software and data company that provides customer analytics and intelligence to sales and marketing teams. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP i ...

NEW YORK, Sept. 24, 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=104529&from=3 CLASS PER ...

Core Points - A class action lawsuit has been filed against ZoomInfo Technologies Inc. for securities losses incurred between November 10, 2020, and August 5, 2024 [1] - The lawsuit follows ZoomInfo's financial results for Q2 2024, which missed revenue and earnings guidance, leading to a $33 million charge due to revised estimates for collectability of previously recognized revenue [3] - Following the announcement, ZoomInfo's stock price dropped by $1.79, or over 18%, closing at $8.01 on August 6, 2024 [3] Financial Performance - ZoomInfo reported a $33 million charge in Q2 2024, which included $15 million reducing revenue, $14 million increasing bad debt expense, and $4 million in other expenses [3] - The charge was attributed to high-risk small business customers, indicating that the company's allowance for credit losses was inadequate [5] Legal Context - The complaint alleges that during the class period, the defendants deceived the investing public and artificially inflated the market price of ZoomInfo's stock [4] - Investors who suffered losses are encouraged to contact Kaplan Fox & Kilsheimer LLP for potential participation as lead plaintiffs [2]

LOS ANGELES, Sept. 19, 2024 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against ZoomInfo Technologies Inc. ("ZoomInfo" or the "Company") (NASDAQ: ZI). Class Period: November 10, 2020 – August 5, 2024 Lead Plaintiff Deadline: November 4, 2024 If you are a shareholder who suffered a loss, click here to participate. The complaint filed alleges that, throughout the Class Period, Defendants fa ...

NEW YORK, Sept. 19, 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=103511&from=4 CLASS PERIOD: ...

NEW YORK, Sept. 18, 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=103193&from=3 CLASS PER ...

BENSALEM, Pa., Sept. 17, 2024 /PRNewswire/ -- Law Offices of Howard G. Smith reminds investors of the upcoming November 4, 2024 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased ZoomInfo Technologies Inc. ("ZoomInfo" or the "Company") (NASDAQ: ZI) common stock between November 10, 2020 and August 5, 2024,, inclusive (the "Class Period"). Investors suffering losses on their ZoomInfo investments are encouraged to contact the Law Offices of Howard G. Smith to discu ...