Lawsuit for Investors Who Lost Money With Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) Announced by Shareholders Foundation

SAN DIEGO, CA, September 11, 2024 (Newswire.com) - A lawsuit is pending for certain investors in ZoomInfo Technologies Inc. (NASDAQ:ZI) shares. Investors in NASDAQ:ZI shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in ZoomInfo Technologies Inc. (NASDAQ:ZI) shares.

Investors who purchased shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On September 4, 2024, an investor in ZoomInfo Technologies Inc. (NASDAQ: ZI) shares filed a lawsuit over alleged securities laws violations by ZoomInfo Technologies Inc. The plaintiff alleged that he defendants made false and/or misleading statements and/or failed to disclose that ZoomInfo's financial and operational results between November 10, 2020 and August 5, 2024had been temporarily inflated by the ephemeral effects of the COVID-19 pandemic, which had pulled-forward demand for ZoomInfo's database of digital contact information, that material portions of ZoomInfo's existing customer base were attempting to either substantially reduce their use of ZoomInfo's product or abandon it altogether, that ZoomInfo had used manipulative and coercive auto-renew policies and threats of litigation to force customers into remaining with ZoomInfo for an additional contractual term even though such customers did not want to, that ZoomInfo's coercive customer retention tactics had materially damaged ZoomInfo's customer relationships, client franchise, and competitive advantages, and created a hidden demand cliff for customer contract renewals in future periods, and that as a result of all of the above, ZoomInfo's reported revenues, operating income, and customer and retention metrics were materially overstated.

Those who purchased shares of ZoomInfo Technologies Inc. (NASDAQ: ZI) should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.

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