Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against ZoomInfo Technologies, Inc. (ZI)

Core Viewpoint - A securities class action lawsuit has been filed against ZoomInfo Technologies, Inc. for allegedly misleading investors regarding the company's financial health and customer retention practices during the COVID-19 pandemic [1][2]. Group 1: Allegations Against ZoomInfo - The lawsuit claims that ZoomInfo's financial results were artificially inflated due to temporary demand increases caused by the COVID-19 pandemic [2]. - It is alleged that a significant portion of ZoomInfo's customer base was either reducing their usage of the product or abandoning it entirely [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 harmed customer relationships and created 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 allegedly overstated [2]. Group 2: Legal Proceedings - Investors who acquired shares of ZoomInfo during the specified class period are encouraged to contact the law firm representing the class action before the lead plaintiff motion deadline on November 4, 2024 [3].