Investors in ZoomInfo Technologies Inc. Should Contact The Gross Law Firm Before November 4, 2024 to Discuss Your Rights – ZI

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of ZoomInfo Technologies Inc. regarding a class action lawsuit alleging misleading statements and practices that inflated the company's financial results during the COVID-19 pandemic [1][2]. 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 [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 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 [2]. - As a result of these practices, ZoomInfo's reported revenues, operating income, and customer retention metrics were materially overstated [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 10, 2020, to August 5, 2024, with a deadline for shareholders to register as lead plaintiffs by November 4, 2024 [3]. - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case's progress [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].