Deadline on November 4th coming up in Lawsuit for Investors in shares of ZoomInfo Technologies Inc. (NASDAQ: ZI)

A deadline is coming up on November 4, 2024in the lawsuit filed for certain investors of ZoomInfo Technologies Inc. (NASDAQ: ZI) over alleged securities laws violations by ZoomInfo Technologies Inc.

Investors who purchased shares of ZoomInfo Technologies Inc. (NASDAQ: ZI) have certain options and there are strict and short deadlines running. Deadline: November 4, 2024. NASDAQ: ZI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Western District of Washington the plaintiff alleges on behalf of purchasers of ZoomInfo Technologies Inc. (NASDAQ: ZI) common shares between November 10, 2020 and August 5, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 10, 2020 and August 5, 2024, the 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) have certain options and should contact the Shareholders Foundation.

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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.