ZI INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that ZoomInfo Technologies, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Core Viewpoint - A class action lawsuit has been filed against ZoomInfo Technologies, Inc. for alleged violations of federal securities laws, claiming that the company misled investors regarding its financial health and customer retention practices [1][2][3]. Class Definition - The lawsuit seeks damages for all individuals and entities that purchased ZoomInfo securities between November 10, 2020, and August 5, 2024, inclusive [2]. Case Details - 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 services [3]. - Significant portions of ZoomInfo's customer base were either reducing their usage or abandoning the product entirely [3]. - The company employed manipulative auto-renew policies and threats of litigation to retain customers against their will [3]. - These coercive tactics have harmed customer relationships and created a hidden demand cliff for future contract renewals [3]. - Consequently, ZoomInfo's reported revenues, operating income, and customer retention metrics were significantly overstated [3]. Next Steps - Investors who suffered losses in ZoomInfo have until November 4, 2024, to request to be appointed as lead plaintiff in the class action [4].