Join the Class Action Against ZoomInfo Technologies Today
Understanding the Class Action Against ZoomInfo Technologies
In an notable move for investors, a class action securities lawsuit has been filed against ZoomInfo Technologies Inc. This crucial information has been announced by Levi & Korsinsky, LLP, indicating a significant opportunity for those who believe they've been negatively impacted by the company's alleged misconduct.
What This Lawsuit Involves
This class action aims to recover losses incurred by shareholders who were affected by alleged securities fraud during a specific period. The focus lies on events transpiring between November 10, 2020, and August 5, 2024. If you identify as a shareholder during this timeframe, it is essential to remain informed and understand your rights.
Key Claims of the Complaint
The allegations within the filed complaint suggest that ZoomInfo's leadership made several misleading representations, which contributed to inflated expectations of the company’s financial health. It is claimed that the COVID-19 pandemic temporarily boosted demand, creating a false narrative surrounding the sustainability of ZoomInfo's financial metrics.
Specific Allegations
Several points of contention have emerged:
- Financial results were allegedly propped up by temporary factors linked to the pandemic.
- There were indications that various customers sought to reduce their reliance on ZoomInfo's services, possibly abandoning them altogether.
- Defensive tactics were reportedly employed to bind customers to contracts through coercion, reflecting poorly on customer relations.
- These strategies not only undermined long-term customer loyalty but contributed to inflated retention numbers—leading to a distorted view of the company’s actual performance.
Next Steps for Affected Investors
If you're a shareholder during the relevant timeline and have experienced a financial loss due to the alleged actions of ZoomInfo, it’s crucial to act promptly. The deadline for requesting to be appointed as lead plaintiff is approaching soon, specifically on November 4, 2024.
No Financial Risk for Participants
One of the key advantages of joining this class action is that it involves no out-of-pocket expenses for participants. If you are recognized as a class member, you could be entitled to compensation without any financial burden associated with engaging in the case.
The Expertise of Levi & Korsinsky
Levi & Korsinsky, with over 20 years of experience, has built a robust reputation for achieving substantial settlements for aggrieved investors. Their knowledgeable team specializes in complex securities litigation, which positions them effectively to navigate this case. Over the years, they have earned accolades and recognition, consistently ranking in the top tier of securities litigation firms across the United States.
Contact Information for Further Queries
If you have any questions or require further assistance, don't hesitate to reach out. Here are the necessary contact details:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: jlevi@levikorsinsky.com
Phone: (212) 363-7500
Frequently Asked Questions
What should I do if I invested in ZoomInfo Technologies?
If you invested in ZoomInfo during the defined period, you should review your options and consider joining the class action.
What is the deadline to join the class action?
The deadline to request lead plaintiff status is November 4, 2024.
Is there any cost to participate in this class action?
No, participants in the class action do not incur any out-of-pocket expenses.
What are the potential outcomes of this lawsuit?
The outcome could yield financial restitution for eligible shareholders who suffered losses due to alleged wrongdoing.
Who can I contact for more information?
You can contact Levi & Korsinsky at the provided email or phone number for any specific queries regarding the lawsuit.
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