ZoomInfo Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of ZoomInfo Technologies, Inc. - GTM, ZI

Core Viewpoint - Kahn Swick & Foti, LLC has initiated an investigation into ZoomInfo Technologies, Inc. following significant financial challenges and a securities class action lawsuit against the company and its executives [1][3]. Financial Performance - In Q2 2024, ZoomInfo reported a $33 million charge due to non-payments from customers, prompting the implementation of a new business risk model to mitigate write-offs [2]. - The company revised its annual revenue guidance downward by $65 million, adjusting the range from $1.255 billion to $1.27 billion to a new range of $1.19 billion to $1.205 billion [2]. Legal Issues - ZoomInfo and certain executives are facing a securities class action lawsuit for allegedly failing to disclose material information, violating federal securities laws [3]. - A court has denied the company's motion to dismiss part of the lawsuit, allowing the case to proceed [3]. Investigation Details - Kahn Swick & Foti's investigation is focused on potential breaches of fiduciary duties by ZoomInfo's officers and/or directors, as well as possible violations of state or federal laws [3].