ROSEN, GLOBAL INVESTOR COUNSEL, Encourages ZoomInfo Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ZI

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].