Core Viewpoint - Zeta Global Holdings Corp. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading financial practices and data collection methods [1][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Davoodi v. Zeta Global Holdings Corp., and it covers purchasers of Zeta Global securities from February 27, 2024, to November 13, 2024 [1]. - Investors have until January 21, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Zeta Global used two-way contracts and round trip transactions to artificially inflate financial results [4]. Group 2: Allegations Against Zeta Global - The lawsuit claims that Zeta Global utilized predatory consent farms to collect user data, which significantly contributed to the company's growth [4]. - A report published by Culper Research on November 13, 2024, titled "Zeta Global Holdings Corp (ZETA): Shams, Scams, and Spam," led to a stock price drop of over 37% [5]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Zeta Global securities during the class period to seek lead plaintiff status [6]. - The lead plaintiff represents the interests of all class members and can choose a law firm for litigation [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases [7]. - The firm has been ranked 1 in securing monetary relief for investors for six out of the last ten years [7].
ZETA INVESTOR ALERT: Zeta Global Holdings Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit