The class action complaint, filed by Glancy Prongay Wolke & Rotter LLP, centers on statements made between November 3, 2025, and May 11, 2026. According to the filing, ZoomInfo failed to disclose that its optimistic growth strategy was faltering due to softening seat-based demand and a decline in upsell opportunities. Furthermore, the suit alleges that the firm neglected to report that customers were increasingly pivoting toward internal AI-driven solutions rather than purchasing the company’s products.
In section Releases
Investors Eye Lead Role in ZoomInfo Securities Class Action
Investors who sustained financial losses from ZoomInfo Technologies shares now have until August 24, 2026, to seek lead plaintiff status in a pending securities fraud lawsuit. The litigation targets the company over allegedly misleading growth projections provided to shareholders throughout late 2025 and early 2026.
These omissions purportedly rendered ZoomInfo’s full-year 2026 revenue guidance unattainable, causing the company’s public statements regarding its business health to be materially misleading. Shareholders interested in participating or learning more about their rights can contact attorney Charles Linehan at the Los Angeles-based firm. While those who purchased shares during the class period may participate, they are not required to take immediate action to remain part of the class.
Comments (0)
No comments yet. Be the first!