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]

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] Allegations - The complaint claims 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 alleged that significant portions of ZoomInfo's customer base were attempting to reduce or abandon their use of the company's products [1] - The company reportedly employed manipulative auto-renew policies and threats of litigation to retain customers against their will [1] - These coercive tactics are said to have damaged customer relationships and created a hidden demand cliff for future contract renewals [1] - As a result of these actions, ZoomInfo's reported revenues, operating income, and customer retention metrics were materially overstated [1] Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by November 4, 2024, to potentially be appointed as lead plaintiffs [2] - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [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 ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 17, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises ZoomInfo Technologies Inc. ("ZoomInfo" or the "Company") (NASDAQ: ZI) investors of a class action representing investors that bought securities between November 10, 2020 and August 5, 2024, inclusive (the "Class Period"). ZoomInfo investors have until November 4, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorne ...

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 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 must move the Court to serve as lead plaintiff by November 4, 2024 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against ZoomInfo - The lawsuit alleges that ZoomInfo's financial results were temporarily inflated due to the COVID-19 pandemic, which created a false demand for its services [5]. - It is claimed that significant portions of ZoomInfo's customer base were attempting to reduce or abandon their use of the product [5]. - 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 [5]. - As a result of these practices, ZoomInfo's reported revenues and customer metrics were materially overstated, leading to investor damages when the true situation was revealed [5].

SAN DIEGO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- The law firm of 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, both dates 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 ZoomInf ...