NEW
YORK, Sept. 23, 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=104037&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=104037&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