NEW
YORK, Sept. 16, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of ZoomInfo
Technologies Inc. (NASDAQ: ZI).
Shareholders who purchased shares of ZI during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=102422&from=4
CLASS PERIOD: November 10,
2020 to August 5, 2024
ALLEGATIONS: The complaint alleges that during the
class period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (a) ZoomInfo's financial
and operational results during the Class Period had been
temporarily inflated by the ephemeral effects of the COVID-19
pandemic, which had pulled-forward demand for the Company's
database of digital contact information; (b) material portions of
ZoomInfo's existing customer base were attempting to either
substantially reduce their use of the Company's product or abandon
it altogether; (c) that ZoomInfo had used manipulative and coercive
auto-renew policies and threats of litigation to force customers
into remaining with the Company for an additional contractual term
even though such customers did not want to; (d) ZoomInfo's coercive
customer retention tactics had materially damaged the Company's
customer relationships, client franchise, and competitive
advantages, and created a hidden demand cliff for costumer contract
renewals in future periods; and (e) as a result of (a)–(d), above,
ZoomInfo's reported revenues, operating income, and customer and
retention metrics were materially overstated.
DEADLINE: November 4, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/zoominfo-technologies-inc-loss-submission-form/?id=102422&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of ZI during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is November 4, 2024. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross
Law Firm is committed to ensuring that companies adhere to
responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a company lead to artificial
inflation of the company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm