ZoomInfo Investors Face August 24 Deadline in Securities Class Action

The lawsuit, filed by Levi & Korsinsky LLP under the brand SueWallSt, targets a class period spanning November 3, 2025, to May 11, 2026. Plaintiffs allege that ZoomInfo management promoted a narrative of strong net revenue retention while failing to disclose that customers were increasingly abandoning traditional seat-based subscriptions in favor of consumption-based models. According to the complaint, this transition—coupled with the rise of internal AI-driven tools among clients—significantly eroded the predictability of the company's recurring revenue.

While the company touted a 90% net revenue retention figure in late 2025, the suit claims this metric masked accelerating churn within the downmarket segment, where smaller firms were opting for cheaper, AI-native alternatives. The discrepancies became undeniable on May 11, 2026, when ZoomInfo slashed its full-year guidance, leading to a $1.98 per share drop. Joseph E. Levi, the attorney representing the class, argues that shareholders were misled regarding the structural viability of the legacy business model. Eligible investors who suffered losses during the specified window may participate in the action without upfront legal costs.