Data News > ZoomInfo Technologies Inc. Faces Securities Fraud Investigations

ZoomInfo Technologies Inc. Faces Securities Fraud Investigations

By KlickAnalytics Data Insights  |   September 5, 2024 08:05PM ET

Key Points

- Levi & Korsinsky, Howard G. Smith, Robbins LLP, Bronstein, Gewirtz & Grossman LLC, and Pomerantz Law Firm have all initiated investigations or class action lawsuits against ZoomInfo Technologies Inc. for potential securities fraud.
- ZoomInfo issued a press release on August 5, 2024, announcing its financial results for the second quarter of 2024.
- Investors who suffered losses on their ZoomInfo investments are encouraged to take legal action.
- The lawsuits seek damages for alleged violations of federal securities laws for investors who purchased ZoomInfo securities between November 10, 2020, and August 5, 2024.
- Various law firms are offering opportunities for shareholders with significant losses to lead the class action lawsuits against ZoomInfo Technologies Inc.

A series of investigations and class action lawsuits have been initiated against ZoomInfo Technologies Inc., a NASDAQ-listed company, for potential securities fraud. Levi & Korsinsky, a legal firm based in New York, has alerted investors about possible violations of federal securities laws by ZoomInfo Technologies Inc. The investigation comes after ZoomInfo released its financial results for the second quarter of 2024 on August 5, 2024.

Following suit, the Law Offices of Howard G. Smith have announced the filing of a securities class action on behalf of investors who purchased ZoomInfo Technologies Inc. common stock between November 10, 2020, and August 5, 2024. Investors who suffered losses on their ZoomInfo investments are urged to reach out to the Law Offices of Howard G. Smith by November 4, 2024, to file a lead plaintiff motion.

Robbins LLP has also informed investors about a class action lawsuit filed against ZoomInfo Technologies, Inc., covering the period between November 10, 2020, and August 5, 2024. Similarly, Bronstein, Gewirtz & Grossman LLC has announced that investors with substantial losses from investing in ZoomInfo Technologies Inc. have the opportunity to lead a class-action lawsuit against the company and certain officers.

Moreover, Pomerantz Law Firm has notified shareholders of the filing of a class action against ZoomInfo Technologies Inc., urging impacted investors to contact them. Gainey McKenna & Egleston has also announced the filing of a securities class action lawsuit against ZoomInfo Technologies Inc. in the United States District Court for the Western District of Washington on behalf of investors who purchased the company's securities between November 10, 2020, and August 5, 2024.

In light of these legal actions, investors who have suffered losses due to their ZoomInfo investments should consider their options carefully. The lawsuits seek to recover damages for alleged violations of federal securities laws during the specified Class Period. Shareholders with significant losses have the opportunity to actively participate in leading the class action lawsuits against ZoomInfo Technologies Inc., as initiated by various law firms.

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