Understanding Class Action for ZoomInfo Technologies Shareholders
Class Action Notice for ZoomInfo Technologies Shareholders
The Gross Law Firm has put out a notice directed at shareholders of ZoomInfo Technologies Inc. (NASDAQ: ZI) regarding a class action that pertains to financial losses incurred by investors. If you are among those who purchased shares during the defined class period, it is advisable to engage with the firm to discuss potential legal avenues for recovery of your investments.
Details for Claim Eligibility
If you bought shares of ZoomInfo Technologies Inc., particularly from November 10, 2020, to August 5, 2024, it is crucial to understand the allegations behind the class action. Being part of this legal action may provide an opportunity to recover losses linked to misleading financial disclosures made by the company during the listed period. Please remember, being appointed as a lead plaintiff is not a requirement for participating in any recovery.
Allegations Elaborated
The complaint against ZoomInfo raises serious claims. There are concerns that the company may have falsely inflated its financial results due to temporary conditions during the COVID-19 pandemic. These conditions may have artificially boosted demand for their services. Furthermore, it is alleged that numerous customers were significantly reducing their use of ZoomInfo's products, if not completely abandoning them. The methods employed by ZoomInfo to retain customers have come under scrutiny, with allegations suggesting manipulative practices that could damage client relationships and the brand's credibility.
Importance of Timely Action
The deadline for registering in this class action is November 4, 2024. Therefore, shareholders who believe they may be affected should take prompt action. Those who register will access monitoring tools that provide updates throughout the legal process, ensuring you remain informed every step of the way. Remember, there is no cost for participating in this case.
Why Choose Gross Law Firm?
The Gross Law Firm is dedicated to safeguarding investor rights and is recognized at a national level for their commitment to holding corporations accountable for deceptive practices. Should you choose to work with them, you are aligning with a firm that seeks justice for shareholders affected by misleading corporate conduct.
Contact Information
For more details on this class action or to register your interest, shareholders can reach out directly to The Gross Law Firm located at 15 West 38th Street, 12th Floor, New York, NY 10018. If you prefer, the team can be reached via phone at (646) 453-8903.
Frequently Asked Questions
What is the class action about?
This class action involves allegations of misleading financial statements by ZoomInfo Technologies Inc. and seeks to provide compensation to affected shareholders.
Who can participate in the class action?
Shareholders who purchased shares of ZoomInfo Technologies Inc. during the specified class period can participate in the action.
What are the steps to take if I am a shareholder?
If you are a shareholder, you should register your information promptly with The Gross Law Firm to ensure you are included in the class action.
Is there a cost to participate?
No, participating in the class action involves no cost or obligation for shareholders.
How will I be updated on the case's progress?
Once registered, shareholders will receive updates through a portfolio monitoring service throughout the case lifecycle.
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